The Saudi Ministry of Industry and Mineral Resources issues the industrial license to Ceer for electric vehicle manufacturing.
Riyadh, Saudi Arabia: The Saudi Ministry of Industry and Mineral Resources has granted an industrial license to Ceer, the first Saudi electric vehicle brand. An industrial license is a key step for Ceer to build its manufacturing facility over one million m2 in King Abdullah Economic City’s Industrial Valley in Saudi Arabia.
A joint venture between the Public Investment Fund (PIF) and Foxconn, Ceer was launched last November under the patronage of His Royal Highness, Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister.
Jarrah bin Mohammed Al-Jarrah, the spokesperson for the Saudi Ministry of Industry and Mineral Resources, emphasized the strategic significance of the automotive industry within the context of the Kingdom’s national industrial strategy. With the global light vehicles market expected to double in the next decade, the automotive sector presents a compelling regional opportunity.
Al-Jarrah further highlighted that the automotive manufacturing industry will serve as a catalyst for other priority sectors such as minerals and chemicals. The development aligns with the Kingdom’s diversification goals and its ability to export to neighboring markets, contributing to the growth of the non-oil economy.
In addition to direct economic benefits, the development of a national automotive sector will also indirectly benefit the economy and the local industry in several ways, through knowledge transfer, industry localization, the development of local content, and the creation of high-quality job opportunities for Saudi citizens.
Ceer is the first Saudi automotive brand to produce electric vehicles in Saudi Arabia, and will design, manufacture and sell a range of vehicles for consumers in Saudi Arabia and the MENA region, including sedans and sports utility vehicles. Ceer’s vehicles will be manufactured in King Abdullah Economic City and will be tested to the highest global automotive quality control and safety standards. The brand’s electric vehicles are scheduled to be available in 2025. Ceer’s factory will be state-of-the-art, featuring the latest technologies to ensure manufacturing efficiency whilst minimizing energy and water usage. Ceer will attract over 562 million Saudi Riyals of foreign direct investment and create up to 30,000 direct and indirect jobs. Ceer is projected to directly contribute 30 billion Saudi Riyals to Saudi Arabia’s GDP by 2034.
Latest News
-
15.08.2023
Ceer and Siemens announce collaboration to digitally transform the electric vehicle development process
Riyadh, Saudi Arabia, August 15, 2023 – Ceer, Saudi Arabia’s first electric vehicle brand, announced that it is collaborating with Siemens Digital Industries Software to accelerate Ceer’s digital transformation and empower Ceer’s engineers to design and build truly next-generation vehicles using the Siemens Xcelerator portfolio of industry software for the design, development, validation, and manufacturing […]
-
23.02.2023
The Numbers Behind Saudi’s Push for an EV Automotive Manufacturing Industry
As part of this behind-the-scenes look at the talented team making the Ceer vision a reality, we give the driving seat to Haytham Honjol, Head of Strategy and Initiatives. He helps us understand the basic ins and outs of pioneering a new automotive industry in the Kingdom. As the Head of Strategy for Ceer, the […]
-
20.02.2023
People First: Building the Kingdom’s automotive sector
As the first Saudi electric vehicle brand, Ceer’s mission is twofold. The company will not only design, manufacture, and sell a wide range of vehicles for consumers in Saudi Arabia and the region, but it will also look to ignite and accelerate the creation of a national automotive industry in the country. People are the […]
-
19.02.2023
The dream of building a Saudi car from scratch comes true for Belal
Dreaming of building a car since he was a kid, Bilal Abdulazez, started his career in the civil and military automotive industries in the United States of America after obtaining a bachelor’s degree in mechanical engineering with a minor in business administration. When asked ‘why Ceer?’, Bilal says, “Being a part of the Ceer team […]
-
19.02.2023
What’s Your Range?
One of the questions that people ask about electric vehicles (or EVs) is, “does it meet my needs, especially on range.” In many ways, it’s a question that is becoming less and less relevant. On a fully charged battery, EVs can comfortably meet the range of the average commuter’s daily requirements, if not the weekly […]