Hyundai to build Saudi car plant jointly with Saudi wealth fund

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(Corrects day to Sunday from Monday)RIYADH : South Korea's Hyundai Motor Group has agreed to 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.

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 PhotoRIYADH : South Korea's Hyundai Motor Group has agreed to build a car plant in Saudi Arabia jointly with the Public Investment Fund , Saudi Arabia's sovereign wealth fund, South Korea's President Yoon Suk Yeol said on Sunday.

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