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Hyundai signs JV agreement to establish production plant in Saudi Arabia

On October 22, the Public Investment Fund (PIF) and Hyundai Motor Company (Hyundai) signed a joint venture (JV) agreement to establish a highly automated vehicle manufacturing plant in Saudi Arabia.
PIF will hold a 70% stake with Hyundai holding the remaining 30%.
Hyundai will also act as a strategic technology partn....

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