Hyundai Motor, PIF to invest $500 mn to build car plant in Saudi Arabia - News Summed Up

Hyundai Motor, PIF to invest $500 mn to build car plant in Saudi Arabia


Hyundai Motor and PIF sign a car manufacturing plant joint venture agreement in Riyadh, Saudi Arabia on Oct. 22, 2023. Hyundai Motor Chairman Chung Euisun (on left) and Korean President Yoon Suk Yeol (center) pose for a photo after the signing ceremony. (Courtesy of the Office of the President Republic of Korea)Hyundai Motor Chairman Chung Euisun shakes hands with Korean President Yoon Suk Yeol during an investment forum between Korean businesses and their Saudi counterparts in Riyadh on Oct. 22, 2023. (Courtesy of the Office of the President Republic of Korea)South Korean President Yoon Suk Yeol (center on left) attends a summit meeting with Saudi Arabia's Crown Prince Mohammed bin Salman in Riyadh on Oct. 22, 2023. (Courtesy of the Office of the President Republic of Korea)Saudi Arabia's Crown Prince Mohammed bin Salman (on left) visits with South Korean President Yoon Suk Yeol before the signing ceremony of dozens of MOUs in Riyadh on Oct. 22, 2023.


Source: The North Africa Journal October 23, 2023 05:24 UTC



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