Luxury Electric Automaker Lucid Group to Receive $3.4 Billion in Incentives to Build its Second EV Factory in Saudi Arabia

​Luxury electric vehicle maker Lucid Group, Inc. announced a ceremonial signing event with the Ministry of Investment of Saudi Arabia, the Saudi Industrial Development Fund, Emaar, The Economic City, at King Abdullah Economic City and Gulf International Bank for the construction of Lucid’s second electric vehicle factory in Saudi Arabia.