UAE-based M Glory Group has laid the foundation stone for the Emirate’s first industrial facility to manufacture electric vehicles (EV) at Dubai Industrial City, one of the largest industrial hubs in the region.
The $408 million (Dh1.5 billion) hub aims to make 55,000 EVs per year as demand for green mobility rises, the company said.
According to the statement, M Glory Holding aims to benefit from the Fourth Industrial Revolution and sustainability by employing future technologies and robotics in the manufacture of EVs. The corporation’s new facility will be an extension of its portfolio, which includes robotics engineering and artificial intelligence as well as sustainable real estate.
The company noted that the new factory will create more than 1,000 jobs and is built on a total land area of 1 million sq ft to accommodate future expansion plans. The electric cars will be exported to the wider GCC region, Egypt, Tanzania, Senegal, Mali, and Kenya.
“The ministry, in coordination with partners from the UAE’s industrial sector, is implementing a package of projects and initiatives under the UAE’s national industrial strategy. These projects aim to make vital sectors in the UAE, including the industrial and technological sectors, even more, attractive to investors. They will also help industries of the future to develop new competitive advantages and consolidate the position of the UAE as a hub for global companies, investments, and talents. 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.”
Mr. Saud Abu Al-Shawareb, Managing Director of Industrial City commented that, “M Glory’s addition to our community demonstrates our commitment to boosting the manufacturing industry, as well as a supportive environment that empowers local manufacturers like M Glory to set up operations and fuel the ‘Make it in the Emirates’ initiative.”
Dr. Majida Al Azazi, Chairman of the Board of Directors of M Glory Holding Group stated that, “The M Glory factory for the manufacture of electric cars will be the first of its kind in the UAE worth an investment of $408 million (Dh1.5 billion), and it will operate through two production cycles per year. It will employ the technologies and techniques of the Fourth Industrial Revolution, including a welding line, a dyeing line, and a final assembly line using the latest robots in the manufacturing processes.”
Dr. Al Azazi remarked that the factory will produce a variety of electric cars, the types, and details of which will be revealed during the coming period.
“These cars will be competitive and durable as they are compatible with the environment and atmosphere of the Gulf region and will constitute a qualitative addition to the electric car sector,” the M Glory Holding Group Chairman added.