HHPI/ Saudi PIF - CEER Electric Vehicle Manufacturing Plant
Public Investment Fund (PIF) and Hon Hai Precision Industry Co. a joint venture of CEER are planning to construct an automotive manufacturing plant on an area of 1 million sqm in Industrial Valley (IV) at KAEC, Makkah, Saudi Arabia.
The production plant will be able to fully design, manufacture, and sell a range of vehicles for consumers in Saudi Arabia and the Middle East region, including sedans and sports utility vehicles.
The projectâs construction will be undertaken in phases at an estimated cost of about SR7bn ($1.87bn).
The US$1300 million project includes the following:
1. Construction of an electric vehicle manufacturing plant
2. Construction of production units
3. Construction of storage facilities
4. Construction of parking facilities
5. Construction of associated facilities
Second Section
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29 August 2024
The construction works have been progressing on the project and are expected to be completed by the end of 2025. (Source: MEED)
21 June 2024
The ceer has signed a partnership deal with Hyundai Transys for the supply of electric vehicle drive systems (EDS) for Ceer vehicles with the value of US$2.2bn. (Source: MEED)
06 May 2024
The mobilisation works for the main structure are ongoing on the project. Metallurgical Corporation of China is working as the installation and supply sub-contractor for the project. (Source: MEED)
01 March 2024
Modern Building Leaders (MBL) has been appointed as the main contractor with an value of $1200 million for the development of the project. (Source: MEED)
11 February 2024
Modern Building Leaders (MBL) is the front-runner for the project. (Source: MEED)
04 December 2023
The main contract is not yet awarded.
07 September 2023
The main contract award is expected to be awarded in the fourth quarter of the year. The following companies have submitted the bids: China State Construction Engineering Corporation.Shibh al-Jazira Contracting Company, El-Seif Engineering Contracting, Hassan Allam Holding, Abdul Mohsen al-Tamimi Partner Group, Al-Bawani, Al-Kifah Contracting Company, Consolidated Contractors Company, First Fix, China Machinery Engineering Corporation, China Railway Construction Corporation, Saudi Constructioneers, Trojan General Contracting, Yapi Merkezi, Saudi Baytur, Nesma & Partners, Al-Rashid Trading & Contracting Company, Al-Fanar Projects, Modern Building Leaders and Al-Ayuni Investment & Contracting Company. (Source: MEED)
14 July 2023
Al Bawani amongst others have submitted the bids on the project.
09 June 2023
The main contract award is expected to be awarded in the third quarter of the year. (Source: MEED)
30 May 2023
The main contract bid submission date has been extended from May 29, 2023 to June 12, 2023.
30 April 2023
The main contract bid submission date has been extended from April 20, 2023 to May 29, 2023.
03 April 2023
The main contract tender has been issued and the bid submission is on April 20, 2023. The following companies amongst others are planning to submit bids on the project: Nesma and Partners Contracting Co Ltd., Al Kifah Contracting Co., Shibh Al-Jazira Real Estate Development (SAJCO), Beijing Emirates international Construction (BEC), Hassan Allam Construction Co., Alfanar Steel, Yapi Merkezi Holding Inc. and Modern Building Leaders Co LLC (MBL).
05 December 2022
The client has signed the land purchase agreement with Emaar at a value of US$95.5 million to develop the plant. (Source: MEED)
02 December 2022
Construction works on the project are expected to commence by the year 2023.
17 November 2022
Public Investment Fund (PIF) and Hon Hai Precision Industry Co a joint venture of CEER are planning to construct an automotive manufacturing plant in KAEC. The project is expected to be completed by 2025.