UAE Business: M Glory to manufacture 55,000 e-cars at new Dubai factory – Gulf Digital News

UAE Business: M Glory to manufacture 55,000 e-cars at new Dubai factory – Gulf Digital News

UAE-based M Glory Group today (March 28) laid the foundation stone for the country's first industrial facility for 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