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Automotive industry

PIF, Hyundai to build $500m high-tech car manufacturing plant in Saudi Arabia

In a groundbreaking development aimed at transforming Saudi Arabia’s automotive landscape, the Public Investment Fund (PIF) and Hyundai Motor Company (Hyundai) have officially signed a joint venture agreement to establish […]

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PIF announces new investment company to boost Saudi car industry

A new investment company tasked with developing local supply chain capabilities for the automotive and mobility industry in Saudi Arabia has been announced by the Kingdom’s Public Investment Fund. Tasaru

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