When it comes to exporting oil worldwide Saudi Arabia comes first. The country, in addition to other technology start-ups, invests in electric vehicles and renewable energy. With its sovereign wealth fund, Saudi Arabia is expanding its bet on electric automobiles by investing additional money into the US-based Lucid Motors. The oil reservoirs are expected to expire in 50 years. In today's video we will discuss PIF investment in Lucid, their returns and future plans for Lucid.
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Timecodes
0:00 Intro
0:46 About PIF
2:32 PIF’s Return on Investment
3:47 PIF Plans
7:12 Conclusion
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