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BackYemeni Houthi rebels attack Saudi oil refinery... Near Hyundai Motors factory
Yemeni Houthi rebels attack Saudi oil refinery... Near Hyundai Motors factory
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연합뉴스52 minutes agoBusiness1 min readSouth KoreaView original

Yemeni Houthi rebels attack Saudi oil refinery... Near Hyundai Motors factory

HouthisHyundai Motor CompanySaudi Arabia

Quick Look

Yemen's pro-Iran rebels Houthis attacked Saudi Arabia's Aramco oil refinery facilities, but it was confirmed that there was no damage to our side, which is building a Hyundai Motors plant nearby.

AI-generated summary

Why It Matters

Hyundai Motor Company is building its first production base in the Middle East in partnership with Saudi Arabia's sovereign wealth fund.

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(Seoul = Yonhap News) Reporter Kim Yun-gu = Yemen's pro-Iran rebels Houthi attacked an oil refinery near the Hyundai Motors factory construction site in Saudi Arabia, but it was revealed that there was no damage on our side.

In a phone call with Yonhap News on the 6th, a Hyundai Motors [005380] official said, "We have determined that no damage occurred to the construction site or employees," and added, "However, we are keeping our guard up and closely monitoring the situation."

According to foreign media, the Houthis claimed to have attacked Riyadh's airport and the Aramco oil refinery in Rabigh on the 5th (local time).

The King Salman Automotive Industrial Complex, where the Hyundai Motors factory construction site is located, is located approximately 40km south of Rabigh, but it is reported that the accommodations of Hyundai Motors employees are located in the Rabigh area.

It is reported that Hyundai Motors employees witnessed the attack while staying at their lodgings or commuting to work.

Hyundai Motor Company is building its first production base in the Middle East in partnership with Saudi Arabia's sovereign wealth fund (PIF). When Hyundai Motor Company began construction in May last year, it set a goal of operating a plant capable of producing 50,000 electric vehicles and internal combustion engine vehicles annually in the fourth quarter of 2026.

What to Watch

AI outlook — possibilities, not facts

  • Hyundai Motor Company plans to closely monitor and respond to the situation at Saudi construction sites.

    Very likely · Within days

Open Questions

  • What is the extent of additional facility damage due to the attack?
  • Will there be any disruption to Hyundai Motor Company's future construction schedule?

Related Topics

Houthis
PeopleYungu Kim
OrganizationsYonhap NewsHyundai Motor CompanyAramco
PlacesSeoulYemenSaudi ArabiaRiyadh
TopicsHyundai Motor CompanySaudi Arabiaoil refineryattack
This article was originally published by 연합뉴스.

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