Ceer is projected to directly contribute US$8 billion to Saudi Arabia’s GDP by 2034. The company, which is a joint venture between PIF and Hon Hai Precision Industry Co. (“Foxconn”), will license ...

Ceer aims to add $8 billion to Saudi Arabia’s GDP by 2034 and boost non-oil GDP by $24 billion to $34.6 billion, according to DeLuca. The company also expects to attract $150 million in foreign ...

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Obeikan Glass Company said its subsidiary has signed a contract with Public Investment Fund (PIF)-backed Ceer, Saudi Arabia’s first electric vehicle (EV) brand, to manufacture aluminum parts used in ...