Skip to content Skip to Search
Skip navigation

Ceer starts work on $1.3bn EV manufacturing complex

By Pramod Kumar
Person, Transportation, Truck Ceer
Ceer breaks ground on its manufacturing complex at the King Abdullah Economic City

Ceer, Saudi Arabia’s first electric vehicle brand, has awarded a SAR5 billion ($1.3 billion) contract to construct a manufacturing complex in King Abdullah Economic City.

Local contractor Modern Building Leaders will build a facility spanning over one million sq m, with 530,000 sq m under its roof. The complex will include dedicated zones for every stage of vehicle production, including a press shop, body shop, paint shop, and general assembly.

The complex will feature dedicated zones for logistics, waste management, warehouses, offices, water treatment system and a vehicle test track.

The project is supported by partnerships with global industry leaders such as Dürr, Schuler, Siemens, ABB, and many more, Jim DeLuca, CEO of Ceer, said.

Ceer, a joint venture between Saudi Arabia’s Public Investment Fund and Taiwan’s Foxconn, was launched to support the electric vehicle sector and contribute to the kingdom’s efforts to reduce emissions and address the impact of climate change.

The EV maker will design, manufacture and sell a range of vehicles for consumers in Saudi Arabia and the wider Mena region, including sedans and sports utility vehicles. The first vehicles are scheduled to be available in 2025.

Latest articles

Pilgrims Saudi Malaysia

Pilgrim air terminal planned for Kuala Lumpur airport

Saudi Arabia and Malaysia are planning to build a pilgrimage air terminal in Kuala Lumpur to increase tourism numbers in both countries. Malaysia’s transport minister Anthony Loke told an aviation industry forum in Riyadh that it was looking with the Saudi Arabian government into “building and establishing a Hajj and Umrah hub” in Kuala Lumpur […]

Man looks out at Doha's skyline. Qatar's debt as a percentage of GDP is expected to be just over 37% in 2024

Qatar to use $549m budget surplus to reduce debt

Qatar recorded a budget surplus of QAR2 billion ($549 million) in the first quarter of 2024, its finance ministry has announced. The ministry said the surplus would be used to reduce public debt, according to the state-run Qatar News Agency. Total revenue was QAR53.4 billion ($14.7 billion) in Q1, down 22 percent year on year. […]

A construction site in Cairo. Egypt received the final tranche of ADQ funding for Ras El Hekma last week

Work on ADQ-backed resort in Egypt ‘to start this year’

ADQ will begin building the infrastructure for its Ras El Hekma development on Egypt’s north coast before the end of this year, according to housing minister Assem El Gazzar. The Abu Dhabi sovereign wealth fund had said it would break ground in early 2025, but it has yet to announce the names of contractors or […]

more than 420,000sq m of new Grade A office space is expected to become available before the end of the year 2WXWXWP Riyadh, Saudi Arabia - Mar 25 2024,King Abdullah Financial District , KAFD business towers

Foreign companies push up cost of Riyadh’s scarce office space

Rental rates in Riyadh’s office sector rose by up to 36 percent in the first quarter of this year as a result of increased demand from foreign companies and occupancy rates approaching 100 percent. Three quarters of all enquiries for office space directed to the real estate company Savills in the first three months of […]