M Glory has laid the foundation stone for the first electric vehicle manufacturing facility in the UAE, worth an investment of US$408mn
M Glory Group laid the foundation stone for the United Arab Emirate?s first industrial facility to manufacture electric vehicles (EV) at Dubai Industrial City, one of the largest industrial hubs in the region, and worth an investment of US$408mn.
The factory?s official opening on 28 March was presided over by Omar Suwaina Al Suwaidi, undersecretary at MoIAT, Magda Al-Azazi, chairman of the board of directors of M Glory Holding Group, and Saud Abu Al-Shawareb, managing director of Dubai's Industrial City.
The sustainable industrial facility, with advanced capabilities will be the UAE?s first plant of its kind and is expected to produce 55,000 cars per year to meet a rising demand for green mobility to reduce global carbon emissions.
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 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 sq ft 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 logistics hubs in the region with more than 280 factories and 750 business partners across several strategic sectors. It is a major contributor to achieving several national strategies including the ?Operations 300 billion?. Dubai Industrial City and The Ministry of Industry and Advanced Technology (MoIAT) recently have signed a deal designed to further enhance the UAE?s industrial sector while facilitating decarbonization efforts.
The Emirates campaign, and facilitating decarbonisation across the industrial sector. The partnership?s objectives are in line with the UAE?s industrial strategy, which aims to develop the nation?s industrial sector and raise its contribution to the GDP.
At the event, M Glory unveiled their first fully electric car called ?Al Damani? DMV300. With two different models built using European specifications, the car has a battery capacity of 52.7 kWh and can cover more than 405km on a single charge.
Reflecting on the occasion, Saud Abu Al-Shawareb, managing director of Industrial City, said, "Sustainability is a global responsibility and transitioning to alternative, low emission energy sources is an integral part of achieving a greener future. The manufacturing industry can play an essential role in enabling the national net zero strategy by delivering innovative, technology-backed solutions in line with Operation 300bn and powered by our partnership with the Ministry of Industry and Advanced Technology. M Glory?s addition to our community demonstrates our commitment to boosting the manufacturing industry, as well as supportive environment that empowers local manufacturers like M Glory to set up operations and fuel the ?Make it in the Emirates? initiative.?
Dr Magda Al-Azazi, chairman of the board of directors of M Glory Holding Group, said, ?Today we are laying the foundation stone to inaugurate an Emirati industrial facility with international specifications where we will manufacture environmentally-friendly electric cars, contributing to global efforts to reduce carbon emissions and support sustainable development."
?The M Glory factory for the manufacture of electric cars will be the first of its kind in the UAE worth an investment of US$408mn, 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,? Al-Azazi added.
She stated 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 and atmosphere of the Gulf region and will constitute a qualitative addition to the electric car sector.
She emphasised that the industrial sector in the UAE is on the verge of a great renaissance thanks to the 50 principles announced by the national government. Such foresight has accelerated the development of the sector by boosting national industrial institutions and companies, developing their businesses and capabilities, and opening new markets for them to expand globally.
?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,? she concluded.
The UAE is gearing up sustainability efforts under the UAE Road to Net Zero Strategy. Transportation is one of the main producers of greenhouse gases globally. The shift to public and private electric transport is quickly gaining momentum with consumer spending on EVs reaching US$120 billion in 2020 according to the International Energy Agency. Even local initiatives such as Roads and Transport Authority?s (RTA) goal to make public transport emission-free by 2050 demonstrating shifting mentality towards environmentally friendly transportation.
Covering more than 550 million sq. ft., Dubai Industrial City is designed around a world-class masterplan that divides the massive business district into strategic sector-focused zones. It serves as a catalyst for the growth and expansion of the industrial sector in the UAE and is committed to enabling projects in renewable energy and sustainability in line with Operation 300bn and the UAE Road to Net Zero by 2050.