Riyadh, July (پاکستان پوائنٹ نیوز 22 يوليو 2026ء) The signing ceremony at SABIC's headquarters in Riyadh was attended by SABIC CEO and Executive board Member Dr. Faisal Alfaqeer and CEER CEO James DeLuca.
According to the release, the MoU provides a framework for developing and innovating solutions and products through evaluating the possible use of SABIC's advanced materials in some of CEER's vehicle applications and jointly developing material and processing solutions that fulfill industry needs. It also aims to share knowledge and experience on sustainability and technology to support CEER objectives in product development, explore potential strategic sourcing opportunities to build a local supply chain with global standards for the emerging local EV sector, and identify and pursue additional areas of mutually agreed collaboration.
Commenting on the agreement, Alfaqeer said, “The memorandum represents a strategic collaboration which leverages SABIC’s global expertise in advanced material solutions for the electric vehicle industry. Through this partnership, we aim to accelerate innovation, enhance local content, and build an integrated national supply chain that enhances global competitiveness. This collaboration also reflects our shared commitment to contribute to Saudi Vision 2030 and the National Industrial Strategy, empowering national talent, and strengthening Saudi Arabia’s position as a regional hub for future industries and technologies.”
DeLuca said, “This strategic collaboration with SABIC marks a significant step in CEER’s journey toward designing, engineering, and manufacturing a world-class electric vehicle right here in the Kingdom of Saudi Arabia. To develop next-generation electric vehicles with leading safety and efficiency performance, we are partnering with globally prominent companies that share our commitment to innovation. By integrating SABIC’s materials and deep technical expertise into our vehicles, we are building a robust and reliable local supply chain while enhancing CEER’s role as a key player in the Kingdom’s transformation into a sustainable advanced hub for mobility and technology, in alignment with the goals of Saudi Vision 2030.”
SABIC's materials and solutions are contributing to the sustainable growth of the global automotive industry by enabling manufacturers to advance electric vehicle development and accelerate the transition to a sustainable, carbon-neutral future amid the industry's rapid transformation.
