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 a highly automated vehicle manufacturing plant within the kingdom’s borders. PIF, Hyundai joint venture The joint venture, unveiled at the Saudi-Korean Business Forum, comes as […]
SCA inks MoU with International Contractors Association of Korea
The Saudi Contractors Authority (SCA) has signed a memorandum of understanding (MoU) with the International Contractors Association of Korea (ICAK) in order to strengthen cooperation between the entities. The signing ceremony was held under the patronage of the Minister of Municipal and Rural Affairs and Housing, Mr. Majid Al-Hoqail, and the Minister of Land, Infrastructure, […]
Saudi-Korean investment tour launches to introduce opportunities in transport, logistics
The “Saudi-Korean” tour to introduce investment opportunities in transport and logistics launched on Tuesday in Seoul, the capital of the Republic of Korea in the presence of Minister of Transport and Logistics Services Eng. Saleh bin Nasser bin Ali Al-Jasser and South Korean Minister of Land, Infrastructure and Transport Won Hee-ryong. Al-Jasser affirmed that at […]