Humain backs Saudi AI firm Mozn, Ceer secures EV local content

Humain expands strategy with first Saudi partnership

Humain makes its first investment in a Saudi company: PIF-owned Humain and AI firm Mozn are partnering on AI infrastructure and enterprise AI tools, Mozn said on X. Humain will provide investment and compute capacity to support Mozn’s next-generation solutions, marking the AI company’s first investment in a Saudi business.

The two companies promise to provide secure, high-performance AI solutions. The partnership also involves deep engineering and technology collaboration to accelerate the development and deployment of scalable AI solutions for financial services and government entities.

REMEMBER- The partnership aligns with Humain’s strategy, following a recent collaboration with Accenture, McKinsey, and Canada’s Cohere.

Saudi EV partnership targets SAR 9.2 bn to GDP

Ceer secures local content agreement for EV manufacturing: Ceer, Saudi Arabia’s national electric vehicle brand, signs two agreements with the Local Content and Government Procurement Authority (LCGPA) to localize electric vehicle manufacturing and transfer industrial know-how, in exchange for inclusion on the Kingdom’s mandatory list of national products, according to a post on X.

Localizing EV production: The agreements cover the localization of electric vehicle production for sedans and SUVs as Ceer advances plans to launch the first Saudi-designed, engineered, and manufactured EV.

Why it matters: The LCGPA expects the agreements to contribute around SAR 9.2 bn in Saudi GDP over the next decade and create more than 2.6k jobs, which aligns with Ceer’s plans to create nearly 30k jobs, including 6.5k direct positions, with Saudis filling 80% of direct roles by 2034. It also targets 45% local content across its products and an estimated SAR 30 bn contribution to GDP.