3️⃣
The fund’s investments are divided into three types: opportunistic, strategic and rescue financing. for the opportunistic investments it is those which made huge profits after the recovery of prices then been sold quickly.
The fund’s investments are divided into three types: opportunistic, strategic and rescue financing. for the opportunistic investments it is those which made huge profits after the recovery of prices then been sold quickly.
4️⃣
The strategic is the investments that believed to add some value to the #Saudi economy.
While the financing rescue is based on loans that can be converted into shares in the future, as the investment in Carnival, the largest cruise operator in the world
The strategic is the investments that believed to add some value to the #Saudi economy.
While the financing rescue is based on loans that can be converted into shares in the future, as the investment in Carnival, the largest cruise operator in the world
5️⃣
about #LucidMotors We invested 1.5 billio dollars
we changed the plan and helped building a manufacturing facility in Arizona, and we were targeting to start commercial production in the last quarter of this year, but #Covid-19 imposed a delay to the first quarter of 2021
about #LucidMotors We invested 1.5 billio dollars
we changed the plan and helped building a manufacturing facility in Arizona, and we were targeting to start commercial production in the last quarter of this year, but #Covid-19 imposed a delay to the first quarter of 2021
6️⃣
says that #LucidMotors aims as a second phase building a manufacturing facility in #Saudi Arabia, and we will open the #Saudi market for #LucidAir, and we will have a factory in Saudi Arabia, probably in #Neom or maybe some where else.
says that #LucidMotors aims as a second phase building a manufacturing facility in #Saudi Arabia, and we will open the #Saudi market for #LucidAir, and we will have a factory in Saudi Arabia, probably in #Neom or maybe some where else.
9️⃣
it can be a firm or land, as we have access to huge land areas that are not generally available to the funds around the world. "as an example #Neom's area is 26,000 km^2, This is a size of an entire country!!. We got this area at a negligible price...
it can be a firm or land, as we have access to huge land areas that are not generally available to the funds around the world. "as an example #Neom's area is 26,000 km^2, This is a size of an entire country!!. We got this area at a negligible price...
🔟
same case with #TheRedSea, which has an area of 46000km^2 added to a large number of lands in #Makkah which is one of the highest real estate values in the world". he refuses to call it real estate development because #PIF creates a new environment not just a .
same case with #TheRedSea, which has an area of 46000km^2 added to a large number of lands in #Makkah which is one of the highest real estate values in the world". he refuses to call it real estate development because #PIF creates a new environment not just a .
1️⃣1️⃣
development in real estate
and he prefers to call it Giga projects because they are much more than just a real estate development and they are unprecedented projects in recent history and will create huge cash flows for the fund as soon as they start operating.
development in real estate
and he prefers to call it Giga projects because they are much more than just a real estate development and they are unprecedented projects in recent history and will create huge cash flows for the fund as soon as they start operating.
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