Saudi Arabia’s new electric vehicle company Ceer has signed a deal to build a manufacturing site in the country.
Ceer inked a nearly $69 million agreement with the King Abdullah Economic City to build its first manufacturing facility for electric vehicles. The facility will cover 1 million square meters (10.7 million square feet) and construction will begin in early 2023. Ceer said that the “majority” of jobs pertaining to the project will go to Saudi citizens, according to a press release.
