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SHARE Saudi Arabia s Future Investment Initiative Institute has invested in Germany s electric aircraft start-up Lilium. The investment is a part of a $3.3 billion transaction announced last week, which will see Lilium list on the Nasdaq market in the US through a merger with a special purpose acquisition company, Qell Acquisition Corporation. The start-up is raising about $830m through the deal. “Our investment in Lilium is aligned with the FII-Institute’s mission: to support initiatives and projects which will have a positive impact on humanity, Richard Attias, the institute s chief executive said in a statement to the Saudi Press Agency. The FII Institute is a think tank-cum-foundation set up as a non-profit body to support the development of technologies to address some of the world s biggest social and environmental challenges. Its board includes the governor of the kingdom s Public Investment Fund Yasir Al Rumayyan, its ambassador to the US Princess Reema Bint Bandar,

United statesSaudi arabiaMohamed alabbarMatteo renziAlexander asseilyBaillie giffordRichard attiasSaudi arabia future investment initiative instituteQell acquisition corporationSaudi press agencyEmaar propertiesPublic investment fund yasir al rumayyanEuropean aviation safety agencyFuture investment initiative instituteQell acquisitionSaudi press