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In "BUSINESS"
JEDDAH — Ceer, Saudi Arabia’s first electric vehicle brand, has signed a land purchase agreement worth SR359 million with Emaar, the Economic City, for land at King Abdullah Economic City (KAEC) that will be used to develop Ceer’s manufacturing facility for electric vehicles.The site, located in Industrial Valley (IV) in close proximity to King Abdullah Port in KAEC, will cover over 1 million square meters. Once complete, Ceer’s manufacturing facility will create thousands of direct and indirect high-skilled jobs, the majority of which will be filled by Saudi nationals. Construction at the site will begin early 2023.The company, which is a joint venture between the Public Investment Fund (PIF) and Hon Hai Precision Industry Co. (Foxconn), will manufacture a portfolio of...
November 29, 2022
CEER to establish electric vehicle manufacturing site at KAEC
November 29, 2022
Hankook Tire Ventus is fitted with New Mercedes Benz S-Class
November 28, 2022
KPMG survey: Building trust through cybersecurity and privacy
November 28, 2022
Guenter Gebhard promoted to regional VP and GM at Four Seasons Hotel Riyadh
November 27, 2022
IMC, Medical Sponsor for the Rotana World Cup Event in Jeddah
ONE Championship, the world’s largest martial arts organization, is keen to bring live shows and state-of-the-art training academies to Saudi Arabia as part of its expansion in the MENA region, according to parent company Group ONE’s president Hua Fung Teh.ONE, which is Asia’s largest global sports media platform, consists of two marquee sports properties: ONE Championship and ONE Esports. The organization is looking to capitalize on its fast-growing popularity in the region, with large countries like Saudi Arabia squarely in its sights.“Martial arts are globally loved, recognized, and easy to understand. A lot of it comes from Asia, but it has been exported all over the world. It has a strong foothold in the MENA region and in particular Saudi Arabia, making the latter very...
November 27, 2022
World’s Largest Martial Arts Organization plans to expand to Saudi Arabia with live shows and training academies
November 27, 2022
Abbar successfully launches AbbarePOS, a software for retailers, restaurants and coffee shops
November 27, 2022
Salam showcases state-of-the-art cybersecurity technologies at Black Hat MEA 2022
November 24, 2022
Bangladesh Embassy observes Armed Forces Day in Riyadh
November 23, 2022
SR1.5 million gifts bonanza for LuLu Saudi anniversary
