18th September, 2026
McLaren Automotive plans to invest GBP500 million (US$675 million) in UK manufacturing and engineering, marking its first major expansion since CYVN combined McLaren with Forseven and was subsequently brought under Abu Dhabi’s L’IMAD. The programme includes a second vehicle assembly facility, expanded carbon-fibre production, greater in-house engine and transmission capabilities and McLaren’s first sport utility vehicle, with around 1,000 jobs planned by 2032.
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22nd July, 2026
Saudi Basic Industries Corporation is exploring the use of its advanced materials in vehicles produced by Ceer, taking Saudi Arabia’s automotive localisation drive beyond assembly and into the materials used in the cars themselves.
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26th January, 2026
Abu Dhabi has folded CYVN Holdings and its 20% stake in Chinese electric vehicle maker NIO into its newest sovereign investment platform, L’IMAD Holding, according to regulatory filings and Chinese media reports.
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6th January, 2026
The Public Investment Fund remains the controlling shareholder of Lucid Group, and its long-term strategy toward the investment continues to attract scrutiny.
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7th April, 2025
In a bold move, Abu Dhabu investment vehicle CYVN Holdings has acquired McLaren Automotive, the luxury British supercar maker, in a deal reportedly valued at GBP1.2 billion (US$1.5 billion).
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31st October, 2024
Abu Dhabi government-owned investor CYVN is set to buy British supercar manufacturer McLaren from Bahrain’s sovereign wealth fund Mumtalakat, adding to its automotive-oriented portfolio that includes Chinese electric vehicle producer NIO.
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8th August, 2024
Electric vehicle manufacturer Lucid has received another lifeline from Saudi Arabia’s Public Investment Fund (PIF) the bolster the launch of the Gravity SUV model and support the company’s Saudi plant.
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2nd April, 2024
The Gulf region’s sovereign wealth funds have pursued very different strategies towards the rise of electric vehicles.
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26th March, 2024
Saudi Arabia’s Public Investment Fund (PIF) and Bahrain’s Mumtalakat have stumped up more money in their automotive interests in return for equity as they support plans for growth in a challenging market.
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27th December, 2023
Abu Dhabi sovereign wealth ADQ is backing a US$3 billion investment of the Emirate’s Department of Finance into Chinese electric vehicle producer NIO, which is among the world’s top five EV producers.
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26th October, 2023
Saudi Arabia’s sovereign wealth fund is driving forward its plans to develop a fully integrated automotive industry in the Kingdom with this week seeing it sign deals with Hyundai and Pirelli for new manufacturing plants, while it is investing in the infrastructure to support its EV adoption ambitions.
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22nd June, 2023
Bahrain’s sovereign wealth fund Mumtalakat has consolidated its hold on British carmaker McLaren by buying stakes from Saudi Arabia’s Public Investment Fund (PIF) and Ares Management for GBP400 million (US$510 million).
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