King Abdullah Economic City

Lucid Gravity SUV and Lucid Air sedan parked on a desert mountain road Industry · PIF Gives Lucid Another $1.75 Billion as Saudi AMP-2 Factory Nears Opening PIF lifts Lucid's credit line by $1.75bn, funding the EV maker into late 2027 as its Saudi AMP-2 factory in KAEC heads for an early-2027 opening.