Ceer, Saudi Arabia’s first electric vehicle band has signed a land purchase agreement worth SAR359 million with Emaar, the Economic City, for land at King Abdullah Economic City (KAEC) that will be used to develop Ceer’s manufacturing facility.
The site is located in Industrial Valley, in close proximity to King Abdullah Port in KAEC and will cover over 1 million square metres. The manufacturing facility will create thousands of jobs, majority of which will be filled by Saudi nationals.
Construction at the site is said to begin early 2023.
The company will manufacture technologically advanced sedans and sports utility vehicles at the factory, vehicles are set to be available from 2025.
Ceer is working towards making the factory a zero waste to landfill site.
“We have found a place that meets all our needs. KAEC offers us a great location with world-class logistics, effective access for our global and Saudi-based suppliers, and an ideal location to base and develop our future workforce. KAEC will become our manufacturing hub as we work towards creating the first electric vehicle brand for Saudi Arabia and the wider region and, in doing so, contribute in a meaningful way to Saudi Vision 2030,” said Ceer’s Chief Executive Officer, James DeLuca.
“We are delighted to welcome Ceer to KAEC and to help make history by building the first Saudi automotive manufacturing hub in Saudi Arabia and the wider region,” said Cyril Piaia, CEO of Emaar, The Economic City, the master developer of KAEC.
KAEC is working towards a vision to be a global manufacturing centre and spearhead the creation of a sustainable and innovative automotive industry.
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