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PIF's Joint Venture with Hyundai Motor Company, Hyundai Motor Manufacturing Middle East, celebrates groundbreaking milestone
- On May 14, 2025, Hyundai Motor Manufacturing Middle East held a groundbreaking ceremony for its first Middle East plant in King Abdullah Economic City, Saudi Arabia.
- This joint venture between PIF, owning 70%, and Hyundai, owning 30%, aims to develop Saudi Arabia's automotive industry by producing ICE and electric vehicles locally.
- The plant targets annual production of 50,000 vehicles to supply the Saudi market and to foster knowledge transfer, skills development, and job creation.
- Deputy Governor Yazeed Alhumied called the groundbreaking a "significant milestone for PIF," and Hyundai's Jaehoon Chang described it as "the beginning of a new chapter."
- This facility supports Saudi Vision 2030 by enhancing local capabilities, boosting the automotive ecosystem, and paving the way for industrial growth and future mobility innovation.
63 Articles
63 Articles
Hyundai Motor breaks ground on 1st Middle East plant in Saudi Arabia
Hyundai Motor broke ground on its first Middle East manufacturing base in Saudi Arabia, Wednesday (local time), marking a key milestone for the carmaker’s global expansion. According to the company, it held a groundbreaking ceremony for Hyundai Motor Manufacturing Middle East (HMMME) at the King Salman Automotive Cluster in Saudi Arabia. The ceremony was attended by over 200 dignitaries and officials from both countries, including Saudi Arabia’s…
InsideNoVA.com
PIF's Joint Venture with Hyundai Motor Company, Hyundai Motor Manufacturing Middle East, celebrates groundbreaking milestone
Paving the way for a new industrial futureThe new facility is a joint venture between PIF and Hyundai Motor CompanyThe plant will manufacture internal combustion engine and electric vehicles, with an annual production target of 50,000 vehicles to supply Saudi…
Hyundai Breaks Ground on New EV Plant in Saudi Arabia
Hyundai Motor Manufacturing Middle East (HMMME), a joint venture between Saudi Arabia’s Public Investment Fund (PIF) and Hyundai Motor Company, last week hosted its groundbreaking ceremony on a new EV plant.The post Hyundai Breaks Ground on New EV Plant in Saudi Arabia appeared first on Electric Cars Report.
Hyundai Breaks Ground on Saudi Arabia Plant to Produce Combustion and Electric Vehicles
Hyundai Motor Manufacturing Middle East (HMMME), a joint venture between Hyundai Motor Company and Saudi Arabia’s Public Investment Fund (PIF), has begun construction on its first automotive production plant in the Middle East, located in King Abdullah Economic City. The facility, announced in 2023, will produce both combustion engine and electric vehicles (EVs) and is [...] The post Hyundai Breaks Ground on Saudi Arabia Plant to Produce Combust…
A New Hotspot For Car Production Is Rising In An Unexpected Place
Hyundai has officially started construction on its first plant in the Middle East. Located in Saudi Arabia, the plant is expected to open by the end of next year. The facility will produce up to 50,000 electric and ICE-powered vehicles annually. Automakers are flocking to setup shop in a new location and it has nothing to do with Trump’s tariffs. in fact, quite the opposite, as Saudi Arabia has emerged as the automotive production capital of the…
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