PIF

Saudi PIF in talks to invest in aspiring Tesla rival Lucid: sources

Mon, 20 Aug 2018 - 08:55 GMT

The talks between privately-held Lucid Motors and PIF underscore the latter’s appetite to invest in electric car makers to diversify the oil-rich Middle Eastern kingdom’s investment portfolio.

Saudi economy vulnerable as corruption probe hits business old guard

Tue, 07 Nov 2017 - 09:02 GMT

Two weeks ago the glitzy Ritz Carlton hotel in Riyadh was the site of an international conference promoting Saudi Arabia as an investment destination.

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