Gulf Construction Online - Ceer awards $1.3bn contract for EV complex

Saudi Focus

Ceer and MBL officials at the construction contract signing ceremony.

Ceer awards $1.3bn contract for EV complex

01 April 2024

Saudi Arabia’s first electric vehicle brand and original equipment manufacturer (OEM) Ceer has awarded a SR5-billion ($1.3 billion) contract to Modern Building Leaders (MBL) for the construction of its new manufacturing complex within King Abdullah Economic City.

Spanning over a 1-million-sq-m area, the new Ceer Electric Vehicle Manufacturing Complex will boast dedicated zones for every stage of vehicle production, including press, body and paint shops, as well as a general assembly area.

Additionally, the complex, which will have an area under roof of 530,000 sq m, will feature special areas for logistics, waste management, warehouses, offices, water treatment system and a vehicle test track.

A joint venture between Saudi sovereign wealth fund PIF and Foxconn, a Taiwanese multinational electronics contract manufacturer, Ceer was set up in 2022 to support the electric vehicle sector, aligned with Saudi Vision 2030 aspirations for economic diversification, carbon emission reduction, and sustainable development.

“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,” said Jim DeLuca, CEO of Ceer.

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,” stated DeLuca.

“As Saudi Arabia’s first electric vehicle brand and OEM, Ceer is committed to design, manufacture and supply of technologically sophisticated electric sedans and SUVs, leveraging advanced systems from Foxconn and BMW, all from its base of operations in King Abdullah Economic City, Saudi Arabia,” he added.