Hyundai Motor Manufacturing Middle East Plant Construction
Sector: Manufacturing (Industrial) • Location: KAEC, Saudi Arabia
Source: Business Wire
Hyundai Motor Manufacturing Middle East (HMMME), a USD 500 million joint venture between Saudi Arabia's Public Investment Fund and Hyundai Motor Company, began construction on its first Middle East plant within the King Salman Automotive Cluster at KAEC in 2025. The facility will produce internal combustion and electric vehicles with an annual capacity of 50,000 vehicles, supporting Vision 2030 go
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Participants
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Status
Original status | under construction |
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Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
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Description
Description | Hyundai Motor Manufacturing Middle East (HMMME), a USD 500 million joint venture between Saudi Arabia's Public Investment Fund and Hyundai Motor Company, began construction on its first Middle East plant within the King Salman Automotive Cluster at KAEC in 2025. The facility will produce internal combustion and electric vehicles with an annual capacity of 50,000 vehicles, supporting Vision 2030 goals by boosting local automotive production, creating skilled jobs, and promoting technological growth. |
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Original Currency | USD |
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
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