SIDF

Lucid Group Makes History in Saudi Arabia as it Opens Country's First-Ever Car Manufacturing Facility

Retrieved on: 
Wednesday, September 27, 2023
Alleged Saudi government role in the September 11 attacks, Workforce, Saudi, Vision 2030, Public Investment Fund, SKD, Lucid Air, Human Resources Development Fund, Government, Organization, Lucid, Ministry of Investment, Lucid Motors, Atmosphere of Earth, CBU, Growth, SIDF, MISA, Arms industry, Management, King Abdullah Economic City, KAEC, Kingdom

Lucid Group commences assembly of Lucid Airs in its new Advanced Manufacturing Plant, AMP-2, its first international manufacturing facility, strategically located in King Abdullah Economic City (KAEC), Jeddah, Saudi Arabia.

Key Points: 
  • Lucid Group commences assembly of Lucid Airs in its new Advanced Manufacturing Plant, AMP-2, its first international manufacturing facility, strategically located in King Abdullah Economic City (KAEC), Jeddah, Saudi Arabia.
  • KING ABDULLAH ECONOMIC CITY, Saudi Arabia, Sept. 27, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for the luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, has officially opened the first-ever car manufacturing facility in Saudi Arabia.
  • As Lucid's second Advanced Manufacturing Plant (AMP-2) and first international plant, the facility will produce Lucid's groundbreaking electric vehicles for Saudi Arabia and export to other markets.
  • "We are delighted to make history today in Saudi Arabia by opening the country's first car manufacturing facility, which will produce our award-winning electric vehicles and support the country's vision for a more sustainable and diversified economy," said Peter Rawlinson, CEO and CTO, Lucid Group.

Lucid Group Makes History in Saudi Arabia as it Opens Country's First-Ever Car Manufacturing Facility

Retrieved on: 
Wednesday, September 27, 2023
Alleged Saudi government role in the September 11 attacks, Workforce, Saudi, Vision 2030, Public Investment Fund, SKD, Lucid Air, Human Resources Development Fund, Government, Organization, Lucid, Ministry of Investment, Lucid Motors, Atmosphere of Earth, CBU, Growth, SIDF, MISA, Arms industry, Management, King Abdullah Economic City, KAEC, Kingdom

Lucid Group commences assembly of Lucid Airs in its new Advanced Manufacturing Plant, AMP-2, its first international manufacturing facility, strategically located in King Abdullah Economic City (KAEC), Jeddah, Saudi Arabia.

Key Points: 
  • Lucid Group commences assembly of Lucid Airs in its new Advanced Manufacturing Plant, AMP-2, its first international manufacturing facility, strategically located in King Abdullah Economic City (KAEC), Jeddah, Saudi Arabia.
  • KING ABDULLAH ECONOMIC CITY, Saudi Arabia, Sept. 27, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for the luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, has officially opened the first-ever car manufacturing facility in Saudi Arabia.
  • As Lucid's second Advanced Manufacturing Plant (AMP-2) and first international plant, the facility will produce Lucid's groundbreaking electric vehicles for Saudi Arabia and export to other markets.
  • "We are delighted to make history today in Saudi Arabia by opening the country's first car manufacturing facility, which will produce our award-winning electric vehicles and support the country's vision for a more sustainable and diversified economy," said Peter Rawlinson, CEO and CTO, Lucid Group.

Lucid Advances Global Sustainability Vision, Announcing New Details for First Overseas Manufacturing Facility with Partners in Saudi Arabia

Retrieved on: 
Wednesday, May 18, 2022
Ministry of Investment (Saudi Arabia), EPA, Resource management, SIDF, MOF, Climate change, Sport utility vehicle, NIS, King Abdullah Economic City, Emaar Properties, Goal, MISA, NASDAQ, Trend analysis, Transport, Ministry, The Saudi Industrial Development Fund (SIDF), PIF, Gulf International Bank, CTO, Vision 2030, KAEC, EVS, Lucid Air, Technology, General counsel, Ministry of Education (Malaysia), Adoption, GIB, Government, CFO, E-Government in Saudi Arabia, CEO, Weapon, Renewable energy, Investment, Industry, Saudi Vision 2030, Kingdom, Lucid

"I am truly delighted to partner with PIF, our signing partners, and the Government of Saudi Arabia in advancing our shared vision of global sustainability."

Key Points: 
  • "I am truly delighted to partner with PIF, our signing partners, and the Government of Saudi Arabia in advancing our shared vision of global sustainability."
  • He added: "We look forward to working with Lucid and other leading companies, while continuing to build our global expertise."
  • This is a great opportunity for Lucid and for Saudi Arabia and captures the spirit of Vision 2030.
  • Vehicles will be initially slated for the Saudi Arabian market, but Lucid plans to export finished vehicles to other global markets.

Lucid Advances Global Sustainability Vision, Announcing New Details for First Overseas Manufacturing Facility with Partners in Saudi Arabia

Retrieved on: 
Wednesday, May 18, 2022
Ministry of Investment (Saudi Arabia), EPA, Resource management, SIDF, MOF, Climate change, Sport utility vehicle, NIS, King Abdullah Economic City, Emaar Properties, Goal, MISA, NASDAQ, Trend analysis, Transport, Ministry, The Saudi Industrial Development Fund (SIDF), PIF, Gulf International Bank, CTO, Vision 2030, KAEC, EVS, Lucid Air, Technology, General counsel, Ministry of Education (Malaysia), Adoption, GIB, Government, CFO, E-Government in Saudi Arabia, CEO, Weapon, Renewable energy, Investment, Industry, Saudi Vision 2030, Kingdom, Lucid

"I am truly delighted to partner with PIF, our signing partners, and the Government of Saudi Arabia in advancing our shared vision of global sustainability."

Key Points: 
  • "I am truly delighted to partner with PIF, our signing partners, and the Government of Saudi Arabia in advancing our shared vision of global sustainability."
  • He added: "We look forward to working with Lucid and other leading companies, while continuing to build our global expertise."
  • This is a great opportunity for Lucid and for Saudi Arabia and captures the spirit of Vision 2030.
  • Vehicles will be initially slated for the Saudi Arabian market, but Lucid plans to export finished vehicles to other global markets.

Electric Vehicle Manufacturer Lucid Group Gearing Up for First International Plant in Saudi Arabia After Signing Agreements with Multiple Agencies

Retrieved on: 
Wednesday, March 2, 2022
The Saudi Industrial Development Fund (SIDF), Private Securities Litigation Reform Act, KSA, Adoption, Climate change, Investment, MISA, United Nations Industrial Development Organization, Forward-looking statement, PIF, Government, Ecosystem, SIDF, CTO, Resource management, Security (finance), U.S. Securities and Exchange Commission, Public Investment Fund, Sport utility vehicle, Trend analysis, Ministry of Investment (Saudi Arabia), Workforce, CEO, Risk, Engineering, Technology, R, Partnership, Lucid Air, EPA, Transport, NASDAQ, Excellency, Oil, Weapon, Renewable energy, Kingdom, Industry, Emaar Properties, KAEC, Lucid, King Abdullah Economic City, Saudi Vision 2030

NEWARK, Calif. and RIYADH, Saudi Arabia, March 2, 2022 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest range, fastest charging electric car on the market, today announced the signing of agreements with the Ministry of Investment of Saudi Arabia ("MISA"), the Saudi Industrial Development Fund ("SIDF"), and the Economic City at King Abdullah Economic City ("KAEC"), as it lays the groundwork for a full production factory in Saudi Arabia. The agreements are expected to accelerate Saudi Arabia's strategic goal to transform and diversify its economy through the development of sustainable energy and transportation. Lucid estimates that the location of Lucid's first international manufacturing plant in the Kingdom of Saudi Arabia may result in up to $3.4 billion of value to Lucid over 15 years, and the facility will enable Lucid to address growing demand for Lucid's products.

Key Points: 
  • -Lucid estimates that the location of Lucid's first international manufacturing plant in Saudi Arabia may result inup to $3.4 billion of value to Lucid over 15 years.
  • -Manufacturing facility to bringseveral thousandhigh-skilled jobs to Saudi Arabia, creating diverse job opportunities and supporting skills development for the region.
  • Lucid reviewed multiple opportunities before selecting KAEC in Saudi Arabia as the optimal location and opportunity for its first international manufacturing facility.
  • The new manufacturing hub will be fully owned by Lucid and enable the company to meet growing international demand for luxury electric vehicles.

Electric Vehicle Manufacturer Lucid Group Gearing Up for First International Plant in Saudi Arabia After Signing Agreements with Multiple Agencies

Retrieved on: 
Monday, February 28, 2022
Workforce, PIF, Climate change, Partnership, Ministry of Investment (Saudi Arabia), Government, Risk, Sport utility vehicle, CTO, Excellency, NASDAQ, Security (finance), Public Investment Fund, Lucid Air, Trend analysis, SIDF, United Nations Industrial Development Organization, KSA, U.S. Securities and Exchange Commission, Transport, Adoption, Multimedia, The Saudi Industrial Development Fund (SIDF), View, EPA, Forward-looking statement, Resource management, Ecosystem, Technology, Investment, Private Securities Litigation Reform Act, CEO, MISA, Weapon, Oil, King Abdullah Economic City, KAEC, Saudi Vision 2030, Industry, Lucid, Emaar Properties, Kingdom

The agreements are expected to accelerate Saudi Arabia's strategic goal to transform and diversify its economy through the development of sustainable energy and transportation.

Key Points: 
  • The agreements are expected to accelerate Saudi Arabia's strategic goal to transform and diversify its economy through the development of sustainable energy and transportation.
  • Lucid reviewed multiple opportunities before selecting KAEC in Saudi Arabia as the optimal location and opportunity for its first international manufacturing facility.
  • The new manufacturing hub will be fully owned by Lucid and enable the company to meet growing international demand for luxury electric vehicles.
  • The project should also enable opportunities for Saudi Arabia to diversify and transition from fossil fuels to sustainable energy and transportation.

International Coaching Federation Announces ICF Middle East Prism Award Winners

Retrieved on: 
Tuesday, October 5, 2021
Prism, Goal, MCC, International Coaching Federation, ACC, The Saudi Industrial Development Fund (SIDF), ICF, Motivation, Growth, Awareness, Abu Dhabi National Oil Company, Job, Learning, Organization, SIDF, ADNOC, Management, Tutoring

LEXINGTON, Ky., Oct. 5, 2021 /PRNewswire/ -- The International Coaching Federation (ICF) announced Abu Dhabi National Oil Company (ADNOC) as the 2021 winner of the fifth annual ICF Middle East Prism Award during a virtual ceremony.

Key Points: 
  • LEXINGTON, Ky., Oct. 5, 2021 /PRNewswire/ -- The International Coaching Federation (ICF) announced Abu Dhabi National Oil Company (ADNOC) as the 2021 winner of the fifth annual ICF Middle East Prism Award during a virtual ceremony.
  • This highly competitive award, which is a part of the ICF's international Prism program , recognizes organizations with strong coaching cultures in the Middle East.
  • "The caliber of nominations this year demonstrates the huge growth in awareness of professional coaching in the Middle East," said ICF CEO Magdalena Nowicka Mook.
  • There are 10 ICF Chapters in the Middle East and more than 1,000 ICF Members and Credentialed-holders in the region.

International Coaching Federation Announces ICF Middle East Prism Award Winners

Retrieved on: 
Tuesday, October 5, 2021
Prism, Goal, MCC, International Coaching Federation, ACC, The Saudi Industrial Development Fund (SIDF), ICF, Motivation, Growth, Awareness, Abu Dhabi National Oil Company, Job, Learning, Organization, SIDF, ADNOC, Management, Tutoring

LEXINGTON, Ky., Oct. 5, 2021 /PRNewswire/ -- The International Coaching Federation (ICF) announced Abu Dhabi National Oil Company (ADNOC) as the 2021 winner of the fifth annual ICF Middle East Prism Award during a virtual ceremony.

Key Points: 
  • LEXINGTON, Ky., Oct. 5, 2021 /PRNewswire/ -- The International Coaching Federation (ICF) announced Abu Dhabi National Oil Company (ADNOC) as the 2021 winner of the fifth annual ICF Middle East Prism Award during a virtual ceremony.
  • This highly competitive award, which is a part of the ICF's international Prism program , recognizes organizations with strong coaching cultures in the Middle East.
  • "The caliber of nominations this year demonstrates the huge growth in awareness of professional coaching in the Middle East," said ICF CEO Magdalena Nowicka Mook.
  • There are 10 ICF Chapters in the Middle East and more than 1,000 ICF Members and Credentialed-holders in the region.

Aramco, Air Products, ACWA Power, and Air Products Qudra Sign Asset Acquisition and Project Financing Agreements for $12 Billion ASU/Gasification/Power Joint Venture in Jazan, Saudi Arabia

Retrieved on: 
Monday, September 27, 2021
People, Partnership, Asus, Hydrogen, USD, Instagram, Efficiency, Air Products & Chemicals, Food, Saudi Aramco, ACWA Power, The Saudi Industrial Development Fund (SIDF), Transport, Carbon, Company, JV, Metal, Steam, LinkedIn, SAR, Senior, IGCC, Gasoline, Environment, Twitter, ACWA, CEO, Acquisition, ASU, Vision 2030, Natural Resources, Private sector, Growth, Electronics, Technology, Forward-looking statement, Economic development, Atmosphere of Earth, Electricity, NYSE, Time, SIDF, Weapon, Industrial gas, Renewable energy

Aramco via its subsidiary Saudi Aramco Power Company (SAPCO) has a 20 percent share in the JV; Air Products 46 percent; ACWA Power 25 percent; and Air Products Qudra 9 percent.

Key Points: 
  • Aramco via its subsidiary Saudi Aramco Power Company (SAPCO) has a 20 percent share in the JV; Air Products 46 percent; ACWA Power 25 percent; and Air Products Qudra 9 percent.
  • Moreover, Air Products' total ownership position is 50.6 percent by owning an additional 4.6 percent through Air Products Qudra.
  • With the completion of these definitive agreements, all parties under the joint venture expect asset transfer and funding to occur during the month of October 2021.
  • Mohammed Al Qahtani, Senior Vice President of Downstream, Aramco said:"We are very pleased to reach this significant milestone.

Official Dates Announced for 5th ICF Middle East Prism Award 2021

Retrieved on: 
Wednesday, August 18, 2021
Abu Dhabi National Oil Company, Growth, International Coaching Federation, SIDF, The Saudi Industrial Development Fund (SIDF), Bahrain Institute for Rights and Democracy, BIPA, DU, Awareness, Multimedia, ICF, Goal, Organizational culture, Entertainment Industries Council, Du (company), Organization, View, Tutoring

LEXINGTON, Ky., Aug. 18, 2021 /PRNewswire/ --The ICF Middle East Prism Award ceremony 2021 will take place September 29 at 7:30 pm Dubai time, the International Coach Federation (ICF) has announced.

Key Points: 
  • LEXINGTON, Ky., Aug. 18, 2021 /PRNewswire/ --The ICF Middle East Prism Award ceremony 2021 will take place September 29 at 7:30 pm Dubai time, the International Coach Federation (ICF) has announced.
  • ICF celebrates the growth of professional coaching in the Middle East with the announcement of the five (5) finalists for the ICF Middle East Prism Award 2021:
    Abu Dhabi National Oil Company, Abu Dhabi School of Government, Ahli Bank Oman, ARAMEX Bahrain and Saudi Industrial Development Fund (SIDF).
  • The ICF Middle East Prism Award is a highly competitive international award celebrating businesses and organizations that use coaching to fulfil rigorous professional standards, address key strategic goals, shape organizational culture, and yield discernible and measurable positive impacts.
  • The 2021 ICF Middle East Prism award ceremony is a free online event, hosted in English, featuring an interactive panel discussion with representatives from past Prism Award winners including DU (Emirates Integrated Telecommunication Company) and BIPA (Bahrain Institute of Public Administration).Registration is open at https://www.icf-events.org/chapter-event/5th-icf-middle-prism-award-cere... .