Hyundai to build Saudi car plant jointly with wealth fund PIF

Hyundai to build Saudi car plant jointly with wealth fund PIF

FILE PHOTO: The logo of Hyundai Motor Company is pictured at the New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. REUTERS/Andrew Kelly/File Photo

South Korea’s Hyundai Motor Group will build a car plant in Saudi Arabia jointly with the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, South Korea’s President Yoon Suk Yeol said on Sunday.