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THIS MORNING: Red Sea Film Festival canceled
Plus: Ceer unveils its first two EVs
A Saudi-designed EV by 2030 looks achievable, but the industry behind it is a bigger wager
Supplier depth, local content, and actual demand will decide whether the Kingdom builds cars or builds a car industry
Humain backs Saudi AI firm Mozn, Ceer secures EV local content
PIF-owned Humain makes its first domestic investment in AI developer Mozn
Ceer signs SAR 5.5 bn agreements to localize EV components
The company aims to source over 40% of its raw materials locally
PIF’s Private Sector Forum scores big investments, wraps up today
Alupco to partner with PIF on SAR 1 bn manufacturing hub
Saudi’s growing EV market is getting some attention
The number of EVs in Saudi tripled to 800 in 2023
PIF closes in on Holon acquisition after getting nod from regulator
The move will see the PIF’s Tasaru Mobility Investments acquire up to a 38% stake in Holon
Ceer to get South Korean technology to power up EVs
The contract is the the first by Hyundai Transys for a global automaker
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