Hyundai Motor Manufacturing Middle East (HMMME), a joint venture between Saudi Arabia’s Public Investment Fund (PIF) and Hyundai Motor Company, has officially broken ground at the newly announced King Salman Automotive Cluster within King Abdullah Economic City (KAEC). PIF holds a 70pct stake in the venture, with Hyundai owning the remaining 30pct.
Marking Hyundai’s first manufacturing facility in the Middle East, the plant is expected to begin production by the fourth quarter of 2026, with an annual capacity of 50,000 vehicles. The factory will produce both internal combustion engine (ICE) vehicles and electric vehicles (EVs), supporting the Kingdom’s transition toward sustainable mobility.
HMMME is set to play a key role in building a robust automotive manufacturing base in Saudi Arabia. The facility will leverage local talent, create thousands of jobs, and foster knowledge transfer and skills development. Localizing the production of Hyundai vehicles will significantly contribute to the growth of Saudi Arabia’s automotive and mobility sectors, aligning with the country’s industrial development goals.
This project is part of PIF’s broader strategy to position Saudi Arabia as a global automotive hub. Through strategic partnerships and investments, the Kingdom is rapidly transforming its automotive sector, enhancing local manufacturing capabilities, and strengthening its industrial infrastructure and supply chains.