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Hyundai Motor Initiates Construction of First Middle Eastern Plant in Saudi Arabia with Annual Capacity of 50,000 Units
2025-05-15 /
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Author：小编
Hyundai Motor Company announced on Thursday that it has commenced construction on its inaugural manufacturing facility in the Middle East, situated within the King Salman Automotive Industrial City in King Abdullah Economic City, Saudi Arabia. The groundbreaking ceremony for Hyundai Motor Middle East Manufacturing (HMMME) — a joint venture established by Hyundai Motor and Saudi Arabia's Public Investment Fund (PIF) with a 30-70 equity ratio — took place on Wednesday. HMMME is anticipated to commence operations in the fourth quarter of 2026, boasting an annual production capacity of 50,000 units, encompassing both electric vehicles and internal combustion engine models.
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