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Saudi electric vehicle brand awards $1.3bn contract to build factory
03 April 2024
Saudi Arabia’s first electric vehicle brand, Ceer, has awarded a SAR 5 billion (US$1.3 billion) contract to Saudi company Modern Building Leaders to build a new factory.
Image courtesy of Saudi Arabia’s Public Investment Fund (PIF)
The Ceer Electric Vehicle Manufacturing Complex will be constructed in King Abdullah Economic City in the Kingdom.
The new facility will span over one million square metres, with a covered area of 530,000 square metres.
It will have dedicated zones for every stage of vehicle production, including a press shop, body shop, paint shop, and general assembly.
The complex will also feature dedicated zones for logistics, waste management, warehouses, offices, a water treatment system, and a vehicle test track.
Ceer is a joint venture between Saudi Arabia’s Public Investment Fund (PIF) and Taiwan-based electronics manufacturer Foxconn, with BMW as its component technology provider.
Jim DeLuca, CEO of Ceer, said, “We are delighted to witness the realisation 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.”
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