Public Investment Fund news

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The Public Investment Fund is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of US$900 billion. It was created in 1971 for the purpose of investing funds on behalf of the government of Saudi Arabia. The wealth fund has Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler since 2015, as its chairman.

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economy3 h ago

Ceer launches with two Exobot EVs from Saudi PIF and Foxconn

Ceer, a new carmaker formed as a joint venture between Saudi Arabia's Public Investment Fund and Foxconn, launched two electric vehicles called Exobot with radical wedge designs. Reports highlight distinctive features such as yoke steering and high horsepower. The launch marks a key step for Saudi Arabia's automotive ambitions and investment diversification.

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Ceer launches with two Exobot EVs from Saudi PIF and Foxconn

Ceer, a new carmaker formed as a joint venture between Saudi Arabia's Public Investment Fund and Foxconn, launched two electric vehicles called Exobot with radical wedge designs. Reports highlight distinctive features such as yoke steering and high horsepower. The launch marks a key step for Saudi Arabia's automotive ambitions and investment diversification.

economy3 h ago

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