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Home›US Markets›M&A & Deals›Boring Co. secures UAE-led funding for Middle East exp…

Boring Co. secures UAE-led funding for Middle East expansion

CNBC Markets says the financing round totals $3 billion and is part of efforts to reach a $23 billion valuation.

Reported · Written up by our desk · M&A & Deals

Elon Musk's Boring Co. is turning to the Middle East as it seeks to expand its reach, as CNBC Markets reports.

The company’s latest $3 billion financing round was led by the United Arab Emirates, marking a new geographic focus for the business.

The funding is tied to efforts to build toward a $23 billion valuation, according to CNBC Markets.

← Newer storyThe Boring Company raises $3 billion in private funding round

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Sources

CNBC MarketsElon Musk's Boring Co. turns to Middle East for expansion in reaching $23 billion valuation

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