Saudi Arabia’s first Saudi electric vehicle brand, Ceer, has been granted a licence to manufacture cars in the country.
It comes as Ceer is projected to directly contribute SR30bn ($8bn) to Saudi Arabia’s GDP by 2034.
Ceer is expected to attract more than SR562m ($150m) worth of foreign direct investment and create up to 30,000 direct and indirect jobs in the Kingdom.
Saudi electric car manufacturing
The Saudi Ministry of Industry and Mineral Resources granted a licence to Ceer to build its manufacturing facility over one million square meters in King Abdullah Economic City’s Industrial Valley in Saudi Arabia.
Saudi Ministry of Industry and Mineral Resources Spokesperson Jarrah bin Mohammed Al Jarrah has emphasised the strategic significance of the automotive industry in the Kingdom’s overall industrial strategy.
He added that with the global light vehicles market expected to double in the next decade, the automotive sector presents a compelling regional opportunity.
Al Jarrah also stressed that the automotive manufacturing industry will serve as a catalyst for other priority sectors, such as minerals and chemicals.
It aligns with the Kingdom’s diversification goals and its ability to export to neighbouring markets, contributing to the growth of the non-oil economy.
In addition to direct economic benefits, the development of a national automotive sector will indirectly benefit the economy and the local industry in several ways, including through knowledge transfer, industry localisation, development of local content, and creation of job opportunities for citizens.
Ceer is the first Saudi automotive brand to produce electric vehicles in the Kingdom.
It will design, manufacture and sell a range of vehicles for consumers in the country and MENA region, including sedans and SUVs.
Ceer’s vehicles 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 while minimising energy and water usage.
Follow us on
