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Saudi’s PIF doubles down on Lucid with USD 1 bn investment
A share of the proceeds will finance Lucid’s capex and working capital
TODAY: Kuwait’s EnerTech expands into the US + Biden appoints a new climate chief
What we’re tracking this morning regionally and around the world
Adnoc Distribution accelerates EV charging stations rollout, Eanan tests its first local eVTOL, and Morocco gets a green loan to boost desalination efforts.
Adnoc Distribution will have 50 EV charging stations by year end
KSA is eyeing a USD 250 mn investment in Chinese EV maker Human Horizons
PIF may throw bns into the firm and we could see a final agreement by the end of the year
KSA’s PIF and Hyundai Motors form a JV to build a manufacturing plant in Saudi
PIF and Hyundai team up to manufacture EVs: Saudi sovereign wealth fund the Public Investment Fund (PIF) and Hyundai Motor…
UAE Veggitech seeks funding for expansion plans
AGRITECH- UAE Veggitech seeks funding for expansion plans: UAE-based agritech company Veggitech is considering expanding its hydroponic farming operations into…
PIF solidifies backing for KSA’s EV sector with new investment company Tasaru Mobility Investments
PIF establishes new investment company focused on EVs: Saudi Arabia’s sovereign wealth fund the Public Investment Fund (PIF) has launched…
Saudi Arabia expands fast-charging infrastructure presence with the launch of Electric Vehicle Infrastructure Company
KSA is ramping up its EV charging infrastructure: Saudi Arabia’s sovereign wealth fund the Public Investment Fund (PIF) and the…
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