Global Trade Alert
Global Trade Alert

Saudi Arabia: The Saudi Public Investment Fund (PIF) signs a 1 billion USD investment agreement with Lucid Motors

Announcement

17 Sep 2018

On 17 September 2018, the Saudi Public Investment Fund (PIF) signed a 1 billion USD investment agreement with the American automotive company, Lucid Motors. 

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

17 Sep 2018

Revocation date:

No revocation date

Announced: 17 Sep 2018
Equity stake In force
On 17 September 2018, the Saudi Public Investment Fund (PIF) signed a 1 billion USD investment agreement with Lucid Motors to launch its first electric vehicle, the Lucid Air, in 2020. Through a speci...
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