On the latest episode of RiyalDeal (watch, runtime: 30:22), the spotlight was on EV manufacturer Lucid Motors. Tom Burges Watson hosted Middle East President Faisal Sultan (LinkedIn). that Lucid will go online in two unnamed GCC countries next year, part of an expansion strategy in the region, complementing its presence in the region besides the Kingdom and the UAE, Sultan said.

Highlighting Lucid’s Saudi manufacturing plant, its second after Arizona’s, Sultan said that Lucid eyes expanding its production with new EVs, including its newly launched Lucid Gravity SUV and a more affordable mid-sized vehicle to be announced as soon as next year.

ALSO- Kurat Al Mal by Radio Asharq (watch, runtime 05:05) saw Thamer Al Humaid (LinkedIn) discuss how market value became a main pillar in determining a football club’s competitiveness rather than historical reputation or strength, at a time when the Saudi Pro League is fundamentally changing.

Al Humaid shed light on Al Qadsiah to demonstrate the impact of market value. Despite not being one of the traditional “big four," its EUR 120 mn market valuation — exceeding that of Al Ittihad (EUR 113 mn) — opened doors for it to secure high-profile players like Pierre-Emerick Aubameyang from Marseille in July 2024 and the top scorer from the Italian League (Serie A), Mateo Retegui last month.

ALSO WORTH WATCHING-

  • The Mo Show (watch, runtime: 1:18:54) chats with Tareq Amin (LinkedIn), CEO of PIF’s subsidiary Humain about the company’s journey from an idea during an AI brainstorming in Saudi’s Royal Court in August last year, to its launch in May.
  • Sabah Al A’mal (watch, runtime 03:36) saw Salman Al Qarni unpack rental transactions retreating to about 50% in Riyadh and 42% in eastern Riyadh during the last four months, as the market awaits real estate reforms to bring down inflated prices.
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