Tag: PIF

TMG-PIF MOU Agreement
BusinessHot News

Hisham Talaat Moustafa’s TMG joins Saudi PIF in multi-billion giga-projects plan

TMG joins Saudi PIF giga-projects in a landmark deal boosting Saudi Vision 2030 urban expansion and Gulf-North Africa investment flows.

Timilehin Adejumobi Timilehin Adejumobi
Uber, Lucid, PIF invest $750 million to scale robotaxis and EV tech
TechnologyBusiness

PIF, Uber invest $750 million in Lucid as robotaxi push gains traction

Saudi Arabia’s push to invest beyond oil is intersecting with Silicon Valley’s race to develop self-driving transport, as Uber Technologies Inc., Lucid Group Inc. and an affiliate of the Public Investment Fund deepen a partnership backed by a combined $750 million commitment.  The agreement reflects a broader shift in the electric vehicle and autonomous driving space, where funding is increasingly…

Oluwatosin Alao Oluwatosin Alao