Saudi EV Manufacturer Ceer's Funding Under Scrutiny Amid PIF's Shifting Commitments

Ceer, Saudi Arabia's ambitious electric vehicle venture, claims to be fully funded until 2040 by the Public Investment Fund (PIF). However, recent actions by the PIF, including withdrawing support for LIV Golf, raise questions about the long-term certainty of such commitments in the kingdom's investment landscape. The comparison prompts a closer look at the stability of funding for major Saudi projects.