Saudi PIF, Hyundai Motor to establish automotive manufacturing plant
- Date: 23-Oct-2023
- Source: Mubasher
- Sector:Transport
- Country:Saudi Arabia
Saudi PIF, Hyundai Motor to establish automotive manufacturing plant
Riyadh – Mubasher: The Public Investment Fund (PIF) and Hyundai Motor Company (Hyundai) signed a joint venture (JV) agreement to establish a highly automated vehicle manufacturing plant in Saudi Arabia. The Saudi fund will own a 70% stake in the …