Corporate Information Hyundai Motor Group Partners with Oman to Drive Green Mobility Transition under Oman Vision 2040 Please use Safari to download the files. SEOUL/MUSCAT, September 4, 2026 รข Hyundai Motor Group (the Group) today signed a Memorandum of Understanding (MOU) with Oman's Ministry of Transport, Communications and Information Technology (MTCIT) at the Gulf Green Mobility Forum, launching cooperation in smart city development and eco-friendly mobility. Through this agreement, the Group positions itself as a key partner in Oman's national smart city strategy under Vision 2040. The partnership runs for an initial one-year term, subject to automatic renewal. The same visit also saw separate agreements signed with Oman's public transport and energy sectors, including a pilot program for Oman's first hydrogen city bus and the deployment of an ultra-fast EV charger in Muscat. We are delighted to establish strategic partnerships with MTCIT today. HMG is committed to helping turn Oman's Vision 2040 ambitions into tangible outcomes through collaboration in smart cities and future mobility. Executive Vice President, Head of Future Strategy Division, Hyundai Motor Group The Omani government is advancing state-led smart city development under Vision 2040, with flagship projects including Sultan Haitham City. The MOU with the Group establishes a framework for cooperation spanning smart city development and eco-friendly mobility, including electric and hydrogen fuel cell vehicles. Through this partnership, the Group positions itself as a partner in Oman's sustainable urban transition and carbon neutrality efforts. Oman's national transport operator Mwasalat has signed a Pilot Agreement (PA) with the Group to deploy Oman's first hydrogen city bus, the ELEC CITY Fuel Cell, on public transit routes in Muscat. Rather than a short-term technology demonstration, the initiative is designed as an actual passenger transportation service. The 24-seat hydrogen fuel cell bus will run as part of a pilot service from