Dubai to manufacture 55,000 electric cars annually

  DUBAI – The UAE’s first industrial facility to manufacture electric cars will be built in Dubai’s Industrial City and is expected to produce 55,000 electric cars annually. M Glory Group laid the foundation stone for the Dh1.5 billion factory. The corporation’s new facility will be an extension to their portfolio, which includes robotics engineering and artificial intelligence as well as sustainable real estate. The new factory at Dubai Industrial City will create more than 1,000 jobs and is built on a total land area of 1 million sqft to accommodate future expansion plans. The electric cars will be exported to the wider GCC region, Egypt, Tanzania, Senegal, Mali and Kenya. Dr. Magda Al Azazi, Chairman of the Board of Directors 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 worth an investment of Dh1.5 billion, and it will operate through two production cycles per year.” She said that the factory will produce a variety of electric cars, the types and details of which will be revealed during the coming period. She added that these cars will be competitive and durable as they are compatible with the environment of the Gulf region. The shift to public and private electric transport is quickly gaining momentum with consumer spending on electric vehicles reaching $120 billion in 2020, according to the International Energy Agency. In Dubai, the Roads and Transport Authority’s aims to make public transport emission-free by 2050, demonstrating a shift in mentality towards environmentally-friendly transport. ICA/Expat Media
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