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PIF and Pirelli to establish tire manufacturing facility in Saudi Arabia

The Public Investment Fund (PIF) and Pirelli Tyre S.p.A. (Pirelli) signed a joint venture (JV) agreement to build a tire manufacturing facility in Saudi Arabia. PIF will hold a 75% stake with Pirelli holding the remaining 25%. The plant is expected to start production in 2026. The plant is expected to generate an ann....

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