February 6, 2025
‎PIF-backed Ceer to develop SAR 5B EV facility in Saudi Arabia

The signing ceremony

Ceer, the first Saudi electric vehicle (EV) brand and original equipment manufacturer (OEM), will develop a nearly SAR 5 billion EV manufacturing facility in King Abdullah Economic City.

The project will span over one million square meters (sqm), with an area under roof of 530,000 sqm…
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