UAE Investor Sheikh Abdulla Al Qassimi and consortium invested $30 million in California firm
Master Investment Group, the investment firm of Sheikh Abdulla Al Qassimi from Ras Al Khaimah and other investors have acquired stake in Faraday Future, a California-based electric vehicle firm for $30 million.
Founded in 2014 by Chinese businessman Jia Yueting, Faraday Future is focused on the development of electric vehicles which they currently market in the United States and China. (Established in 2014, the Master Investment Group is a regional investment company headquartered in the UAE. They generate a long-term portfolio of wealth management solutions across a range of macro-economic sectors, including real estate, leisure, and tourism developments.) More details about this deal here.
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