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Hyundai and Saudi Arabia’s PIF Launch $500 Million Car Factory for EV Production by 2026
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Hyundai and Saudi Arabia’s PIF Launch $500 Million Car Factory for EV Production by 2026

Hyundai Motor Manufacturing Middle East (HMMME), a joint venture between the Public Investment Fund (PIF) and Hyundai Motor Company, has officially launched its $500 million car factory at the King Salman Automotive Cluster in King Abdullah Economic City (KAEC). The groundbreaking ceremony marks a significant step forward for the automotive sector in Saudi Arabia, according...

PIF and Hyundai Launch Manufacturing Plant in Saudi Arabia Set to Produce 50,000 Vehicles Annually
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PIF and Hyundai Launch Manufacturing Plant in Saudi Arabia Set to Produce 50 000 Vehicles Annually

Hyundai Motor Manufacturing Middle East (HMMME), a joint venture between the Public Investment Fund (PIF) and Hyundai Motor Company, has officially broken ground on a new manufacturing plant. This event took place at the King Salman Automotive Cluster within King Abdullah Economic City (KAEC), marking a significant advancement for Saudi Arabia’s automotive sector, as reported...