Dr. Faisal Al-Faqeer

Thursday, July 23, 2026

Al Jazeera - Economy:

The Saudi Basic Industries Corporation (SABIC) yesterday signed a memorandum of understanding with Ceer to explore cooperation opportunities in the use of advanced materials and innovative solutions produced by SABIC in the design, development and manufacturing of electric vehicles produced by Ceer, and to assess mutually beneficial commercial opportunities and identify potential cooperation terms, in the presence of SABIC CEO and Executive Board Member Dr. Faisal bin Mohammed Al-Faqeer and Ceer CEO Engineer James DeLuca.

Saudi Political Analysis

The memorandum of understanding is a general framework for discussing the field of developing and innovating solutions and products by evaluating opportunities to use advanced materials produced by SABIC in some automotive applications manufactured by Ceer, developing materials and processing solutions to meet manufacturing needs, and exchanging information and expertise related to sustainability and technology to support Ceer's goals in engineering and product development.

The memorandum aims to discuss potential cooperation opportunities by exploring strategic supply opportunities, identifying and pursuing additional areas of cooperation, ensuring the building of a local supply chain with global standards for the emerging electric vehicle manufacturing sector in the Kingdom, in addition to identifying and pursuing additional areas of joint cooperation agreed upon by the two parties.

The CEO of SABIC stated that the memorandum represents a step towards strategic cooperation in which SABIC's global expertise in advanced materials solutions for the electric vehicle industry is employed.

The CEO of Ceer said: 'This strategic collaboration with SABIC represents a pivotal step in Ceer's journey towards designing, engineering, and manufacturing world-class electric vehicles here in the Kingdom of Saudi Arabia. To develop the next generation of electric vehicles that lead in efficiency, safety, and performance, we are partnering with leading global companies that share our commitment to innovation. By integrating SABIC's advanced materials and deep technical expertise into our vehicles, we are building a strong and reliable local supply chain.'

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