Saudi Arabia's Public Investment Fund (PIF) has heavily invested in electric racing leagues, including Formula E, Extreme E, and E1 powerboat racing, as part of its strategy to enhance media influence and environmental credentials. The PIF, chaired by Prince Mohammed bin Salman, has entered into multi-year partnerships to sponsor and support the growth of electric motorsports globally. This move highlights the country's increasing involvement and influence in the sports industry, particularly in the realm of electric racing.
Prince Mohammed bin Salman chaired PIF has entered into a multi-year partnership with Formula E, Extreme E and E1, the sovereign wealth fund said in a statement. The Electric 360 partnership is aimed at supporting the growth of electric motorsports. https://t.co/wXl479SCmV
Saudi Arabia's Public Investment Fund signs partnership with Formula E, Extreme E & E1 powerboat racing https://t.co/jsJvSqUgsX
#SaudiArabia's Public Investment Fund (PIF) announced a multi-year partnership with Formula E, Extreme E and E1 powerboat racing on Monday to 'supercharge' the growth of electric motorsport globally. https://t.co/yZJVLI784k
Saudi PIF to sponsor three electric motorsport series https://t.co/4FAwV8yXXO https://t.co/4pubaTqDvM
Alejandro Agag, the pioneer of electric motorsport, has announced a sponsorship deal with the Saudi Public Investment Fund (PIF) that will boost the ABB #FormulaE championship and provide stability for the fledgling #ExtremeE and #E1 (powerboat) series⬇️ https://t.co/UYkSs8Lhqs
Saudi Arabia’s PIF is a key backer of electric racing leagues https://t.co/DWJhXTBEc7 via @TW_Seal @kiuyanwong @hellierd
Saudi Arabia owns significant stakes in racing properties Formula E, Extreme E and E1 through its sovereign wealth fund according to filings seen by @Business, highlighting how the country "is becoming an almost ubiquitous investor across sport." https://t.co/DvAPYpefTO
Sadio Mane has defended the quality of the Saudi Pro League and says it is “watched by everybody in the world”. More from @bosherL ⬇️
#SaudiArabia’s PIF Is Key Backer of Electric Racing Leagues PIF backs Formula E, Extreme E and electric hydrofoil races Entrepreneur Alejandro Agag Longo is behind the three sports https://t.co/zXDsQ6lyws
Saudi Arabia has pumped tens of millions of dollars into electric racing leagues — backing tournaments for cars, SUVs and boats — as part of its push to build media influence and green credentials. https://t.co/wNXA6683Us