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Saudi Arabian startup Ceer, backed by PIF and Foxconn, unveils futuristic Exobot electric vehicles, with the sedan and SUV planned for a 2027 launch to establish the kingdom as a regional auto manufacturing hub.
Crown Prince Mohammed bin Salman revealed Ceer's first electric sedan and SUV, both designed and engineered in Saudi Arabia.
Saudi Arabia launches its first domestic automaker, Ceer, a joint venture with Foxconn, showcasing two electric vehicles as part of its Vision 2030 economic diversification plan.
Sirdab has raised $10M in Series A funding led by Elm and BECO Capital to scale its logistics platform across Saudi Arabia and the GCC, having grown revenue 20x and reached profitability since YC W23.
Meta has restricted Facebook and Instagram accounts of human rights groups and activists in Saudi Arabia and the UAE, complying with government requests under local cybercrime laws. Critics condemn the move as arbitrary censorship that violates freedom of expression and access to information.
PIF Governor Yasir Al-Rumayyan unveiled PIF Strategy 2026-2030, emphasizing Saudi Arabia’s strategic advantages to draw global investment.