Dubai, UAE: M Glory Group broke ground on the UAE’s first electric vehicle (EV) manufacturing facility in Dubai Industrial City, one of the region’s largest industrial hubs, with an investment value of AED1.5 billion .
The official opening of the factory on March 28th was presided over by His Excellency Omar Suwaina Al Suwaidi, Secretary of State at MoIAT, Dr. Magda Al-Azazi, CEO of M Glory Holding Group, and Saud Abu Al-Shawareb, Managing Dubai, Head of Industrial City Director.
The sustainable industrial facility with advanced capabilities will be the first facility of its kind in the UAE and is expected to produce 55,000 cars per year to meet the increasing demand for green mobility to reduce global carbon emissions.
M Glory Holding wants to benefit from the fourth industrial revolution and sustainability by using future technologies and robotics in the production of electric vehicles. The company’s new facility will be an expansion of its portfolio, which includes robotics and artificial intelligence and sustainable real estate.
The new factory in Dubai Industrial City will create more than 1,000 jobs and will be built on a total area of 1 million square feet to accommodate future expansion plans. The electric cars will be exported to the wider GCC region, Egypt, Tanzania, Senegal, Mali and Kenya.
Dubai Industrial City, part of TECOM Group, is one of the most prominent industrial and logistic hubs in the region with more than 280 factories and 750 business partners in several strategic sectors. It makes an important contribution to the realization of several national strategies, including “Operations 300 billion”. Dubai Industrial City and the Ministry of Industry and Advanced Technology (MoIAT) recently signed an agreement that aims to further strengthen the UAE’s industrial sector while facilitating decarbonization efforts. The memorandum of understanding focused on three core elements, including enabling the UAE’s Industry 4.0 programme, attracting foreign investors through the Make It In The Emirates campaign and facilitating decarbonization across the industrial sector. The partnership’s objectives are in line with the UAE’s industrial strategy, which aims to develop the country’s industrial sector and increase its contribution to GDP.
At the event, M Glory introduced its first all-electric car called “Al Damani” DMV300. With two different models built to European specifications, the car has a battery capacity of 52.7 kWh and can travel more than 405 km on a single charge.
His Excellency Omar Al-Suwaidi, Under Secretary of the Ministry of Industry and High Technology, said: “The Ministry, in coordination with partners from the UAE’s industrial sector, is implementing a package of projects and initiatives within the framework of the UAE’s national industrial strategy. The aim of these projects is to make key sectors in the UAE, including the industrial and technology sectors, even more attractive to investors. They will also help future industries develop new competitive advantages and solidify the UAE’s position as a hub for global business, investment and talent.”
His Excellency continued: “The ministry is focused on encouraging local manufacturers to diversify and develop their production in order to support the growth of national industries and improve their competitiveness. Establishing an electric vehicle manufacturing factory 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 objectives of the Make in the Emirates campaign launched by the Department, which focuses on improving the future and sustainability of industries.”
thinking about the occasion Saud Abu Al-Shawareb, Managing Director of Industrial City, said: “Sustainability is a global responsibility and the transition to alternative, low-emission energy sources is an essential part of realizing a greener future. Manufacturing industry can play an essential role in the implementation of the national net zero strategy by providing innovative, technology-enabled solutions in line with Operation 300 billion and supported by our partnership with the Ministry of Industry and Advanced Technology. The addition of M Glory to our community demonstrates our commitment to advancing the manufacturing industry and a supportive environment that enables local manufacturers like M Glory to establish operations and fuel the ‘Make it in the Emirates’ initiative.”
dr Magda Al-Azazi, CEO of M Glory Holding Group, said: “Today we are laying the foundation for the inauguration of an industrial facility in the Emirates to international specifications, where we will manufacture eco-friendly electric cars, thereby contributing to global efforts to reduce carbon emissions and support sustainable development.”
She added: “The M Glory electric car manufacturing factory will be the first of its kind in the UAE and will be worth an investment of AED 1.5 billion and will undergo two production cycles per year. It will use the technologies and techniques of the fourth industrial revolution, including a welding line, a dyeing line and a final assembly line with the latest robots in the manufacturing processes.”
She explained that the factory will produce a variety of electric cars, the types and details of which will be announced in the coming period. She added that these cars will be competitive and durable as they will be compatible with the environment and atmosphere of the Gulf region and will be a qualitative addition to the electric car sector.
dr Al-Azazi continued, “The announcement of the new facility comes in conjunction with Expo 2020 Dubai and continues the momentum generated by this international event which has strengthened the country’s position regionally and globally. It has helped define the emirate’s ability to attract business and investment thanks to its world-class infrastructure, security and stability, and legislation and laws that keep pace with the country’s progress. This has enabled the UAE to become a global economic hub, outperforming international economic indicators in terms of competitiveness and business environment.
She stressed that the industrial sector in the UAE is poised for a major renaissance thanks to the 50 principles announced by the national government. Such foresight has accelerated the development of the sector, nurturing national industrial institutions and companies, developing their businesses and skills, and opening new markets for their global expansion.
She concluded, “I appreciate the support and facilities Dubai Industrial City is providing to open this first industrial facility of its kind in the Middle East as it provides the ideal ecosystem to launch and expand our ambitions and future expansion plans.”
The UAE is equipping its sustainability efforts as part of the UAE Road to Net Zero strategy. Traffic is one of the main producers of greenhouse gases worldwide. The shift to public and private electric mobility is rapidly gaining momentum as consumer spending on electric vehicles will reach $120 billion in 2020, according to the International Energy Agency. Even local initiatives, such as the Roads and Transport Authority (RTA) target to make public transport zero-emissions by 2050, demonstrate a shift in mentality towards green transport.
Covering more than 550 million square feet, Dubai Industrial City was designed around a world-class master plan that divides the vast business district into strategic, sector-specific zones. It serves as a catalyst for the growth and expansion of the UAE’s industrial sector and is committed to enabling renewable energy and sustainability projects in line with Operation 300bn and the UAE Road to Net Zero by 2050.
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