Kingdom of Saudi Arabia

PIF and Hyundai Motor Company Sign Joint Venture Agreement to Establish New Automotive Manufacturing Plant in Saudi Arabia

PIF and Hyundai join to establish automotive manufacturing plant in KSA

The joint venture will leverage Hyundai’s global automotive leadership to localize manufacturing in Saudi Arabia The total investment for the manufacturing plant is estimated to exceed $500 million and will manufacture both internal combustion engines and electric vehicles RIYADH/SEOUL –October 22,...