Hyundai JV breaks ground on Saudi plant

David Leggett

Thu, May 15, 2025, 3:21 AM 2 min read

Hyundai Motor Group’s Saudi Arabian associated venture, Hyundai Motor Manufacturing Middle East (HMMME), this week broke crushed connected a conveyance assembly works successful the Kingdom. This is the South Korean automaker’s archetypal assembly works to beryllium built successful the region, a determination designed to fortify its beingness successful the Middle East and North African markets.

To people the juncture Hyundai Motor Manufacturing Middle East (HMMME), a associated task 70%-owned by Saudi’s Public Investment Fund (PIF) and 30% by Hyundai Motor Company, held a ceremonial astatine a venue with the King Salman Automotive Cluster successful King Abdullah Economic City (KAEC).

The caller installation volition person an archetypal accumulation capableness of 50,000 vehicles per year, including interior combustion motor (ICE) and battery-electric vehicles, which it plans to merchantability domestically and export to different markets successful the region. HMMME said it expects to statesman accumulation operations astatine the works successful the 4th fourth of 2026.

HMMME claims to beryllium “building the instauration for a caller epoch of automotive manufacturing successful Saudi Arabia. Harnessing the skills of the section workforce, the caller manufacturing works volition make thousands of jobs and let for cognition transportation and skills development. The localization of Hyundai's vehicles volition accelerate the maturation of Saudi Arabia's automotive and mobility ecosystem and pave the mode for a caller concern future.”

Yazeed A Alhumied, PIF’s lawman politician and caput of Middle East and North Africa (MENA) Investments, said successful a statement: “This groundbreaking is simply a important milestone for PIF arsenic it further strengthens the automotive manufacture successful Saudi Arabia. PIF volition proceed to alteration and accelerate the maturation of Saudi Arabia’s automotive ecosystem done partnerships. This associated task underscores PIF’s committedness to physique section capabilities, pull cutting-edge technology, and make highly skilled jobs successful Saudi Arabia’s automotive and mobility sector.”

Hyundai Motor Group vice chairman, Jaehoon Chang, stated: "Today's groundbreaking marks the opening of a caller section for some the Kingdom of Saudi Arabia and Hyundai Motor Company, arsenic we laic the instauration for a caller epoch of aboriginal mobility and technological innovation. Through our associated venture, we anticipation to lend to the improvement of endowment successful the portion with precocious skills and capabilities nether Saudi Vision 2030."

HMMME’s vice president and CEO, Wongyun Park, further discussed the project: "With HMMME, we are driving alteration guardant and paving the mode for a caller concern aboriginal successful the region. The installation volition go a level for maturation and concern excellence successful the bosom of the Kingdom."