Ceer, Saudi's first EV brand, awards SAR 5 billion contract for manufacturing complex in King Abdullah Economic City

Saudi Arabia's first electric vehicle (EV) brand and original equipment manufacturer (OEM), Ceer, has awarded a SAR 5 billion (USD 1.3 billion) contract for the construction of the Ceer Electric Vehicle Manufacturing Complex in King Abdullah Economic City. The contract, granted to Saudi company Modern Building Leaders (MBL), will result in a cutting-edge facility covering over 1 million square meters, featuring dedicated zones for various stages of vehicle production, logistics, waste management, offices, and more. Ceer, a joint venture between PIF and Foxconn, aims to support the electric vehicle sector in line with Saudi Arabia's Vision 2030 goals.