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The MoU was signed in the presence of Minister of Industry and Mineral Resources Bandar Al-Khorayef, Minister of Economy and Planning Faisal Al-Ibrahim, Deputy Minister of Industry and Mineral Resources Eng. Osamah Al-Zamel, CEO of of the Saudi Industrial Development Fund Dr. Ibrahim Al-Mojel and Hyundai Motor Company Executive Vice President and Head of Global Operations Division Seon Seob Kim.
Hyundai has signed an agreement with the Saudi Ministry of Industry to boost co-operation in vehicle manufacturing in the region. The auto major is looking at setting up an assembly plant for electric cars and combustion engines cars in the kingdom.
The MoU was signed in the presence of Minister of Industry and Mineral Resources Bandar Al-Khorayef, Minister of Economy and Planning Faisal Al-Ibrahim, Deputy Minister of Industry and Mineral Resources Eng. Osamah Al-Zamel, CEO of of the Saudi Industrial Development Fund Dr. Ibrahim Al-Mojel and Hyundai Motor Company Executive Vice President and Head of Global Operations Division Seon Seob Kim.
Hyundai has signed an agreement with the Saudi Ministry of Industry to boost co-operation in vehicle manufacturing in the region. The auto major is looking at setting up an assembly plant for electric cars and combustion engines cars in the kingdom.