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flag Hyundai and Saudi's PIF start car plant in Saudi Arabia, aiming for 50,000 vehicles yearly by 2026.

flag Hyundai and Saudi Arabia's Public Investment Fund broke ground on their joint venture, Hyundai Motor Manufacturing Middle East (HMMME), in Saudi Arabia. flag The facility, with 70% ownership by PIF and 30% by Hyundai, will produce up to 50,000 internal combustion and electric vehicles annually, with the first vehicle expected in Q4 2026. flag The project supports Saudi Arabia's Vision 2030 by creating jobs and boosting the local automotive industry.

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