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Thursday, January 9, 2025
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Public Investment Fund (PIF)

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Aramex deploys first electric trucks in the UAE

Aramex has taken a major step towards a greener operational future with the launch of its first fleet of electric trucks in the UAE....

Ford explains why it is opening a state-of-the-art PDC in Dubai

Ford Middle East’s new Parts Distribution Centre (PDC) has been unveiled as a game-changer for the automotive giant’s operations in the region. Located in...

Interview: Automechanika goes from strength to strength

Over the past 20 years, Automechanika Shanghai has grown into a vital hub for innovation, global collaboration, and market adaptation. The event not only...

Fast-rising NIO passes 30K delivery landmark

NIO Inc. notched up a record-breaking month in December 2024, delivering 31,138 vehicles and surpassing the 30,000-unit mark for the first time. This represents...

Ceer and Rimac agree electric drive systems in Saudi flagship EVs deal

Saudi Arabia’s first electric vehicle (EV) brand, Ceer, has entered a significant partnership with Croatia’s Rimac Technology to equip its flagship EV range with...

PIF affiliate to pump $1bn into Lucid Group

Lucid Group, Inc. has entered into an agreement with its majority stockholder, Ayar Third Investment Company, an affiliate of the Public Investment Fund, to...

Saudi manufacturing set for upgrade as Baosteel joins new steel plate plant initiative

Aramco and the Public Investment Fund (PIF) have joined forces with Baosteel, the world’s largest steel conglomerate, to establish an integrated steel plate manufacturing...

Saudi-backed Lucid Air sets new EV distance record

The Saudi-financed Lucid Air goes into production this month having set a new range record for electric vehicles. Lucid Motors claims the independently verified distance...

First CDW facility in Saudi Arabia to start recycling next month

Facility in Al Khair will treat up to 600 tons of CDW per hour and achieve recycling rates of more than 90%

SIRC marks major construction milestone for first Construction and Demolition Waste facility in Saudi Arabia

Facility in Al Khair will treat up to 600 tons of CDW per hour and achieve recycling rates of more than 90%

KSA’s Public Investment Fund approves masterplan for Neom Bay

Saudi Arabia’s Public Investment Fund (PIF) has announced that its founding board has approved the masterplan for Neom Bay, an eco-friendly tourist destination that...
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Editor Picks

Aramex deploys first electric trucks in the UAE

Aramex has taken a major step towards a greener operational future with the launch of its first fleet of electric trucks in the UAE....

Ford explains why it is opening a state-of-the-art PDC in Dubai

Ford Middle East’s new Parts Distribution Centre (PDC) has been unveiled as a game-changer for the automotive giant’s operations in the region. Located in...

Interview: Automechanika goes from strength to strength

Over the past 20 years, Automechanika Shanghai has grown into a vital hub for innovation, global collaboration, and market adaptation. The event not only...