PIF-backed Lucid still in talks over Saudi electric vehicle factory site

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Updated 13 January 2022
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PIF-backed Lucid still in talks over Saudi electric vehicle factory site

The Saudi-backed electric car maker Lucid is still in discussions with the Kingdom’s government over where to build a factory in the country.

The company’s chairman Andrew Liveris said that with the first of his firm’s cars being handed over to customers in the US, he was now focusing on the Middle East operation.

Saudi Arabia’s Public Investment Fund poured $1 billion into the company in April 2019 - giving it a 67 per cent stake in the firm.

In September 2021, it was reported that production in the Kingdom would begin by 2024, but that timeline has been extended to up to 2026.

Speaking to Bloomberg TV on the sidelines of the Future Minerals Forum in Riyadh, Liveris said: “Now that we are successfully producing and selling cars in the U.S., our attention is turning to this factory here.”

He added that among the details to be ironed out include how much of the project will be owned by Lucid and how much by its partners.

Bloomberg reported that Jeddah and NEOM are two sites under consideration for the factory.

 


Stc partners with Qiddiya as Six Flags official connectivity provider

Updated 22 December 2025
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Stc partners with Qiddiya as Six Flags official connectivity provider

RIYADH: Saudi stc Group has announced its partnership with Qiddiya as the official connectivity partner for the Six Flags theme park, providing telecom services, smart city solutions, and an integrated digital infrastructure in line with global standards, coinciding with the park’s official opening.

Under the partnership, stc will deliver an advanced digital ecosystem to enhance visitors’ experiences at Qiddiya, offering high-performance connectivity and smart technologies to facilitate entry and manage visitor flow within the park, ensuring a seamless and safe experience.

The collaboration reflects stc’s commitment to providing advanced digital infrastructure that supports Qiddiya’s ambitions and elevates the visitor experience.

By leveraging smart connectivity, smart city technologies, and innovative payment solutions, stc aims to deliver an integrated and streamlined experience across the destination.

The initiative also highlights stc’s role in supporting the tourism and entertainment sectors with world-class digital infrastructure that aligns with Saudi Arabia’s vision and future goals.