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Global Trade Alert

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Saudi Arabia: PIF announced an investment towards the development of a vehicle manufacturing plant in a joint venture agreement

Description

On 22 October 2023, the Public Investment Fund (PIF) announced an investment in a joint venture with Hyundai Motor Company, a South Korean vehicle manufacturer. The investment involves the establishme...

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Intervention Details

Intervention Type

FDI: Financial incentive

MAST Chapter

FDI measures

Implementation date

22 Oct 2023

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Table

Affected Sectors

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Affected Products

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