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...
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