Saudi Arabia’s Public Investment Fund (PIF) has reportedly agreed to invest more than $1 billion in Lucid Motors, a budding competition for Elon Musk’s Tesla.
Diversification is a key focus of Crown Prince Mohammed bin Salman’s Vision 2030 plan, which aims to transform the Saudi economy through a slew of projects from hi-tech start-ups to a new mega city.
Saudi Arabia sovereign wealth fund is in talks to invest in Lucid Motors, an aspiring Tesla rival, according to a …
Saudi Arabia, the world’s biggest crude exporter is future-proofing itself against oil’s decline by investing the increasingly booming technology industry.
Klaus Kleinfeld who was tasked with developing Saudi Arabia’s mega-city project NEOM is reportedly taking on a new role as an adviser to the Kingdom’s Crown Prince Mohammed bin Salman on his reform plans.
SoftBank Group could potentially get more investments from the Middle East as it pushes to reach its $100 billion fundraising target for its private equity fund that aims to target the technology sector.
Saudi Arabia’s sovereign wealth fund Public Investment Fund is reportedly in talks to invest as much as $400 million in Magic Leap.
Japan-based SoftBank Group aims to invest approximately $25 billion in Saudi Arabia over the coming three to four years, as …
SoftBank Group has reportedly bought a $4 billion stake in Nvidia, a move that makes it the fourth-largest shareholder in the graphics chipmaker company.