Overview

• Hyundai Motor Co. has officially begun construction on its first manufacturing plant in the Middle East, located at the King Salman Automotive Cluster in Saudi Arabia.
• The facility, a 30-70 joint venture with Saudi Arabia's Public Investment Fund, will produce 50,000 vehicles annually starting in late 2026, including electric and internal combustion models.
• The project aims to create thousands of jobs, develop local talent, and transfer automotive technology to support Saudi Arabia's Vision 2030 economic diversification strategy.
• Over 200 dignitaries, including Saudi Industry Minister Bandar Alkhorayef and Hyundai Vice Chairman Chang Jae-hoon, attended the May 14 groundbreaking ceremony.
• Hyundai is also collaborating with partners to establish a hydrogen mobility ecosystem in Saudi Arabia, including hydrogen-powered buses and related research projects.