Saudi Arabias PIF signs partnership with FormulaE

Tashif Khan

1 ย

Saudi Arabia's PIF signs partnership with FormulaE

Formula E, Extreme E, and E1 powerboat racing have inked a multi-year cooperation with Saudi Arabia's Public Investment Fund (PIF).

The PIF already owns nearly 50% of the new E1 series and off-road Extreme E, which will eventually become the hydrogen-powered Extreme H series. It also has a 5% share in Formula E.


In 2024, all three events will have races held in Saudi Arabia.
#formulae #pif