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

PIF And Hyundai Motor Company Sign Joint Venture Agreement To Establish New Automotive Manufacturing Plant In Saudi Arabia

The Public Investment Fund (PIF) and Hyundai Motor Company (Hyundai) have announced the signing of a Joint Venture Agreement to establish a highly automated vehicle manufacturing plant in Saudi Arabia. � PIF will hold a 70% stake in the new joint venture with Hyundai holding the remaining 30%. Hyundai will also act as a strategic technology partner to support the development of the new manufacturing plant, by providing technical and commercial assistance. The total investment for the pro...

Read the full story at https://www.webwire.com/ViewPressRel.asp?aId=312970



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

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