A new Dh1.5 billion ($408 million) electric vehicle factory with the capacity to produce 10,000 cars a year has opened in Dubai.
The Al Damani Electric Vehicle Manufacturing Factory by M Glory, in Dubai Industrial City, covers 45,000 square feet.
It will house a temporary assembly line until a more comprehensive plant is completed, to be operational within two years. Once ready, it will have a production capacity of 55,000 electric cars per year, the company said in a statement on Wednesday.
"This historic milestone will provide another low-emission energy source and contribute to creating a more sustainable future for the UAE and the region," said Saud Abu Al Shawareb, executive vice president of Industrial Leasing at Tecom Group.
"By delivering cutting-edge, technologically supported solutions in line with Operation 300bn and driven by our partnership with the Ministry of Industry and Advanced Technology, the manufacturing sector can play a crucial role in supporting the national net zero strategy."
M Glory this year said its EVs will be exported to the wider GCC region, as well as Egypt, Tanzania, Senegal, Mali and Kenya.
It has already revealed its first electric car, the Al Damani DMV300. Two models have been built using European specifications, with a battery capacity of 52.7 kWh and the ability to cover more than 405km on a single charge.
The UAE is expanding efforts to shift to greener technology, most notably under its Net Zero 2050 Strategic Initiative, which calls Dh600bn investment in clean and renewable energy sources in the next three decades.
The factory is "the first and only facility of its kind in the UAE to meet international specifications where we will manufacture environmentally friendly electric cars, contributing to global efforts to reduce carbon emissions and support sustainable development", said Majida Al Azazi, chairwoman of M Glory Holding Group.
Global sales of electric vehicles doubled last year to represent nearly 9 per cent of the car market, the International Energy Agency said.
In the first quarter of 2022, EV sales reached 2 million, a 75 per cent increase on the first quarter of 2021.
The UAE is among the world's top 10 countries as a market geared towards electric mobility, consultancy Arthur D Little said.
Under the UAE Vision 2021, the government has promoted EV adoption across the nation. It has converted 20 per cent of the government agency cars to EVs and is aiming for 42,000 on the streets by 2030.
About 52 per cent of UAE residents are considering a switch to hybrid or electric motoring as the increase in fuel prices this year affects the way consumers think about transport, a survey in May by Audi Abu Dhabi showed.
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Killing of Qassem Suleimani
The specs
Engine: 0.8-litre four cylinder
Power: 70bhp
Torque: 66Nm
Transmission: four-speed manual
Price: $1,075 new in 1967, now valued at $40,000
On sale: Models from 1966 to 1970
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
The specs
Price, base / as tested Dh12 million
Engine 8.0-litre quad-turbo, W16
Gearbox seven-speed dual clutch auto
Power 1479 @ 6,700rpm
Torque 1600Nm @ 2,000rpm 0-100kph: 2.6 seconds 0-200kph: 6.1 seconds
Top speed 420 kph (governed)
Fuel economy, combined 35.2L / 100km (est)
UAE currency: the story behind the money in your pockets
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Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
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Killing of Qassem Suleimani
Mane points for safe home colouring
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Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
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