M Glory Group has set the groundwork for the UAE's first industrial plant dedicated to the production of electric cars.
The Dubai Industrial City plant, which represents an AED1.5 billion investment, is planned to manufacture 55,000 cars per year to address a growing demand for green transportation in order to cut global carbon emissions.
M Glory Holding stated that it intends to benefit from the Fourth Industrial Revolution and sustainability by manufacturing EVs using future technology and robots.
The new plant in Dubai Industrial City will employ over 1,000 people and will be built on a 1 million square foot plot of land to facilitate future development plans.
The new plant in Dubai Industrial City will employ over 1,000 people and will be built on a 1 million square foot plot of land to facilitate future development plans.
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| Dubai Industrial City |
The electric vehicles will be shipped to the GCC area as well as Egypt, Tanzania, Senegal, Mali, and Kenya, according to a business release.
Dubai Industrial City, a subsidiary of TECOM Group, is home to over 280 factories and 750 business partners from a variety of vital areas.
M Glory also presented its first completely electric vehicle, the Al Damani DMV300, which has a battery capacity of 52.7 kWh and can go over 405 kilometers on a single charge.
Omar Al-Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology, said: “The ministry is focused on encouraging local manufacturers to diversify and develop their production to support the growth of national industries and enhance their competitiveness.
“The establishment of a factory to produce electric vehicles in the country is in line with the ministry’s efforts to create new competitive advantages for advanced industries. It is also in line with the goals of the Make in the Emirates campaign, launched by the ministry, which focuses on enhancing the future and sustainability of industries.”
Dr Magda Al-Azazi, chairman of M Glory Holding Group, said: “The M Glory factory for the manufacture of electric cars will be the first of its kind in the UAE… and it will operate through two production cycles per year.”
She added that the factory will produce a variety of electric cars, the types and details of which will be revealed at a later time.
She said that the industrial sector in the UAE is on the “verge of a great renaissance”, adding: “I value the support and facilities provided by Dubai Industrial City to launch this first industrial facility of its kind in the Middle East as it provides the ideal ecosystem for launching and expanding our ambitions and future expansion plans.”