Al-Futtaim Group and Chinese manufacturing conglomerate BYD have entered into a landmark partnership aimed at transforming the automotive landscape in the Middle East.
As part of this collaboration, the Al-Futtaim Family Office has joined BYD’s latest financing as a strategic investor, underscoring its confidence in BYD’s highly innovative approach to sustainable mobility.
Building on the existing success of BYD’s passenger and commercial vehicles in the region, this partnership combines BYD’s technological expertise and product offerings with Al-Futtaim’s extensive market presence and operational capabilities.
Together, the two companies aim to unlock new growth opportunities in sustainable transportation and advanced technologies and to enhance customer experiences.
Omar Al Futtaim Vice Chairman & CEO Al Futtaim Group
“As a strategic investor in BYD, this partnership represents a meaningful step toward supporting the future of sustainable mobility. By leveraging BYD’s innovative solutions and combining them with our market experience and strategic reach, we hope to contribute to the transition toward cleaner, more efficient transportation. This partnership is not just about investment; it reflects our commitment to long-term growth and innovation, with the goal of making a positive impact on the industry both regionally and globally.”
Wang Chuan-fu, Chairman and President of BYD, said that, “We are excited to deepen our partnership with Al-Futtaim Group, a leader with unparalleled regional expertise. In the future, BYD and Al-Futtaim Corporate Group plan to build on their successful collaboration and transition into a strategic partnership, focusing on areas including, but not limited to, new energy vehicles. Starting with regional collaborations, both companies aim to explore further growth opportunities by leveraging synergies and expanding further.”
BYD and Al-Futtaim Group will explore collaborations as strategic partners, focusing on potential areas including but not limited to market expansion, improved logistics and aftersales support, financial solutions, collaborative efforts in advanced sectors such as autonomous driving and energy storage systems, and localized production.
According to the statement, by joining forces, BYD and Al-Futtaim Group are setting a new standard for long-term growth and innovation in the region, benefitting customers with a world-class automotive experience and communities with positive economic and environmental impacts.
