Global Trade Alert
Global Trade Alert

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

Announcement

22 Oct 2023

On 22 October 2023, the PIF announced an investment in a vehicle manufacturing plant with Hyundai Motor Company.

Source

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Number of interventions

2

1 certainly harmful

0 likely harmful

1 liberalising

List of interventions

2 in force

Implementation date

22 Oct 2023

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

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 total investment in the project is ...

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Implementation date

22 Oct 2023

Revocation date:

No revocation date

FDI: Financial incentive In force

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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