MoIAT, Shahin sign strategic partnership to drive UAE’s green mobility transformation

MoIAT, Shahin sign strategic partnership to drive UAE’s green mobility transformation

The Ministry of Industry and Advanced Technology (MoIAT) has signed a Letter of Intent (LoI) with Shahin, a new company in the process of setting up in Abu Dhabi by NEV Enterprise, a prominent GCC establishment, in a move towards sustainable industrial development and promoting electric mobility.

The LoI, signed at the Make it in the Emirates Forum on Wednesday, underlines the country’s commitment to decarbonisation and increasing the contribution of the industrial sector to climate action and economic growth.

The LoI represents a strategic partnership focused on the development, maintenance, and operation of a charging station factory in the UAE, the first-of-it-kind in the region, catering to the growing demand locally and regionally for electric vehicle (EV) charging infrastructure through pre-negotiated offtake contracts.

According to the Global Electric Mobility Readiness Index (2022), the demand for EVs in the UAE market has been rising over the past few years and is projected to expand at a compound annual growth rate of 30% between 2022 and 2028. The report shows the UAE, which has more than 300 charging stations, has one of the largest charging-station-to-vehicle-ratios in the world.

The LoI marks a major step towards the future of the UAE’s sustainable transport infrastructure in line