Headline: UNCAPTIONED: Hyundai Breaks Ground on New Car Factory in Saudi Arabia
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Hyundai Breaks Ground on New Car Factory in Saudi Arabia. Hyundai has officially started building a new factory in Saudi Arabia that will produce around 50,000 cars every year. The plant is located in the King Salman Automotive Cluster, a growing car industry hub in King Abdullah Economic City, near Jeddah. The factory will make both traditional gas-powered cars and electric vehicles, depending on what customers want. Production will begin by October 2026, using parts shipped from Korea. The factory is owned mostly by Saudi Arabia's Public Investment Fund, holding 70%, while Hyundai owns 30%. Experts predict this plant could add about $5 billion to the Saudi economy over the next 20 years. Hyundai's chief, Jaehoon Chang, highlighted the company's important role in developing the country's car industry. Last year, Hyundai sold around 136,000 vehicles in Saudi Arabia, showing strong demand for its cars.
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Keywords: Motoring,Hyundai,new factory,Saudi Arabia,car production,50,000 vehicles per year,King Salman Automotive Cluster,King Abdullah Economic City,Jeddah,gas-powered cars,electric vehicles,October 2026,parts from Korea,Public Investment Fund,Hyundai 30% ownership,$5 billion contribution,Jaehoon Chang,automotive industry development,136,000 vehicles sold,strong demand
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