M Glory Group has laid the foundation stone for the UAE’s first industrial facility to manufacture electric vehicles.
The facility at Dubai Industrial City, which reflects an investment of AED1.5 billion, 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 said it aims to benefit from the Fourth Industrial Revolution and sustainability by employing future technologies and robotics in the manufacture of EVs.
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, the company said in a statement.
Dubai Industrial City, part of TECOM Group, hosts more than 280 factories and 750 business partners across several strategic sectors.
M Glory has also unveiled its first fully electric car called Al Damani DMV300 which has a battery capacity of 52.7 kWh and can cover more than 405km on a single charge.
Omar Al-Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology, said: “The ministry is focused on encouraging local manufacturers to diversify and develop their production to support the growth of national industries and enhance their competitiveness.
“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.”
Dr Magda Al-Azazi, chairman 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… and it will operate through two production cycles per year.”
She added that the factory will produce a variety of electric cars, the types and details of which will be revealed at a later time.
She said that the industrial sector in the UAE is on the “verge of a great renaissance”, adding: “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.”
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