DUBAI: UAE-based M Glory Group yesterday laid the foundation stone for the country’s first industrial facility for the manufacture of electric vehicles (EV) at Dubai Industrial City, being set up at an investment of AED1.5 billion ($408.3 million).
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 in bid to reduce global carbon emissions.
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 sqft to accommodate future expansion plans. The electric cars will be exported to the wider GCC region, Egypt, Tanzania, Senegal, Mali and Kenya, it stated.
Announcing the new venture, M Glory Holding officials said the group 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.
During the event, M Glory also unveiled its first fully electric car named ‘Al Damani - DMV300’. With two different models being built using European specifications, the car has a battery capacity of 52.7 kWh and can cover more than 405km on a single charge.
The new M Glory factory 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.
The cars will be competitive and durable as they are compatible with the environment and atmosphere of the Gulf region.
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