Hyundai  PIF

Saudi Arabia: Hyundai to set up assembly plant with PIF

Issue 1179 - 24 Oct 2023 | 1 minute read

Saudi state Public Investment Fund (PIF) has agreed a joint venture with South Korea's Hyundai Motor Company to set up a $500m vehicle manufacturing plant in Saudi Arabia. PIF will hold 70% of the venture, with Hyundai taking the other 30%. 

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