Ceer, the Kingdom’s first electric vehicle brand and original equipment manufacturer, has awarded a SAR 5 billion ($1.3 billion) contract to Modern Building Leaders (MBL) for the construction of its new manufacturing complex within King Abdullah Economic City.
The new Ceer Electric Vehicle Manufacturing Complex will occupy an area of over one million square meters and will have dedicated areas for each step of the vehicle production process, such as a body shop, paint shop, press shop, and general assembly. It will also include dedicated spaces for waste management, logistics, offices, warehouses, and a car test track.
Ceer is a joint venture between the Saudi sovereign wealth fund PIF and Foxconn
In line with the goals of Saudi Vision 2030, which aims to achieve economic diversification, carbon emission reduction, and sustainable development, Ceer is a joint venture between the Saudi sovereign wealth fund PIF and Foxconn, a multinational electronics contract manufacturer based in Taiwan.
Jim DeLuca, CEO of Ceer, commented: “We are delighted to witness the realization of our vision to ignite Saudi Arabia’s mobility industry, beginning with the construction of the Ceer Electric Vehicle Manufacturing Complex. This complex will be a benchmark for industrial excellence within the region and globally. It will feature the best technologies, equipment, and people, supported by partnerships with global industry leaders such as Dürr, Schuler, Siemens, ABB, and many more.
“This complex will be a benchmark for industrial excellence within the region and globally”
“As Saudi Arabia’s first electric vehicle brand and OEM, Ceer is committed to the design, manufacture, and supply of technologically sophisticated electric sedans and SUVs, leveraging advanced systems from Foxconn and BMW, all from its base of operations in King Abdullah Economic City, Saudi Arabia.”
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