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Saudi sovereign wealth fund to reorganize management amid budget crunch, sources say

Saudi sovereign wealth fund to reorganize management amid budget crunch, sources say
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Saudi PIF said to be shuffling management amid budget crunch

Saudi PIF said to be shuffling management amid budget crunch
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Lucid Group Opens Saudi Arabia's First-Ever Car Manufacturing Facility

Lucid Group commences assembly of Lucid Airs in its new Advanced Manufacturing Plant, AMP-2, its first international manufacturing facility, strategically located in King Abdullah Economic City (KAEC), Jeddah, Saudi Arabia. In the first phase, the facility has the capacity to assemble 5,000 Lucid vehicles per annum, and in the future, the complete manufacturing facility at KAEC, including the assembly facility, is expected to have capacity to produce a total of 155,000 electric vehicles per annum. ....

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Lucid Opens Saudi Arabia's First-Ever Car Manufacturing Facility

Lucid Group has officially opened the first-ever car manufacturing facility in Saudi Arabia. As Lucid’s second Advanced Manufacturing Plant (AMP-2) and first international plant, the facility will produce Lucid’s groundbreaking electric vehicles for Saudi Arabia and export to other markets. The AMP-2 facility received significant support from the Ministry of Investment of Saudi Arabia (MISA), the Saudi Industrial […] ....

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