Analysis

Lucid CEO Says Saudi Arabia Views Struggling EV Maker as Strategic Investment for Economic Diversification

• SUSTG Team
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• 2. 27. 2024

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  NEOM Announces Launch of ‘Topian’, the NEOM Food Company, Seeking to ‘Revolutionize Global Food Systems’

  SUSTG Team  |  12. 11. 2023

  NEOM launched this weekend a new company, called "Topian," the NEOM Food Company, which "seeks to redefine food production, distribution, and consumption through the creation of sustainable and innovative food solutions across five vertical pillars: climate-proof agriculture; regenerative aquacultur

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  Lucid Air Limited Assembly In Saudi Arabia To Start In September; Company Slashes ‘Air’ Model Price

  SUSTG Team  |  8. 9. 2023

  Lucid Motors, an EV company in which the Saudi Arabian Public Investment Fund (PIF) has a majority ownership stake, announced its second-quarter financial results yesterday, and provided some updates on its plans during an earnings call lead by CEO Peter Rawlinson.

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  Brazilian Miner Vale Nears Deal to Sell 10% of Its Base Metals Business to Saudi Arabia’s PIF, Ma’aden – Report

  SUSTG Team  |  7. 26. 2023

  Brazilian miner Vale is reportedly close to completing a deal to sell a roughly 10% stake in its $25 billion base metals unit to a joint venture between Saudi Arabia’s sovereign-wealth fund, the PIF, and the Saudi mining company Ma'aden, people familiar with the matter told the Wall Street Journal.

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  Saudi PIF Reports $11 Billion Loss in 2022 after Earning $19 Billion in 2021 – Reports

  SUSTG Team  |  7. 12. 2023

  Saudi Arabia’s sovereign wealth fund lost $11 billion on its investments last year, as the fall in global stock and bond prices impacted its holdings, according to a report in Bloomberg.

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  Congressional Hearing Puts Capitol Hill Focus on Saudi Arabia’s Role in PGA

  SUSTG Team  |  7. 11. 2023

  Two top PGA Tour officials will meet with US lawmakers today on Capitol Hill and plan to tell them that Saudi Arabia would have little sway over the golf business if a proposed merger with LIV Golf goes through, according to Bloomberg.

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  Kingdom at the Forefront of Air Taxi Tech with Test of Volocopter in Collaboration with Neom

  SUSTG Team  |  6. 22. 2023

  Saudi Arabia's NEOM hosted the first test campaign of air taxi flights in the northwest of Saudi Arabia, building on a reputation of a leader in technologies in the under-development futuristic zone.

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  Saudi Arabia Targets Massive $800 Billion in Tourism Investment Over Next Decade – Report

  SUSTG Team  |  6. 12. 2023

  Tourism Minister Ahmed Al-Khateeb said at an Arab-China investment summit that Saudi Arabia is investing $800 billion in the tourism sector over the next ten years, according to reports.

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  NEOM Secures $5.6 billion Investment for Workforce Housing

  SUSTG Team  |  6. 7. 2023

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  Lucid Shares Tumble on News of $3 Billion in New Fundraising

  SUSTG Team  |  6. 1. 2023

  Shares of Lucid Group's stock tumbled today on news that the group is raising about $3 billion in a common stock offering, with the majority of the money coming from the electric vehicle maker’s Saudi owners, the Public Investment Fund.