ADDED partners with Valeo to establish automotive technology hub in Abu Dhabi

ADDED partners with Valeo to establish automotive technology hub in Abu Dhabi

ABU DHABI, 17th June, 2023 (WAM) -- Abu Dhabi Department of Economic Development (ADDED) has partnered with Valeo to develop the automotive industry in Abu Dhabi by establishing a technology hub to manufacture autonomous and electric car components in the emirate. The hub will develop industrial solutions to support local electric car startups in Abu Dhabi as well as cooperate with the local Startups electric vehicle companies.

Valeo plans to explore new areas of development by integrating its advanced technologies and its sustainability vision in green cities.

The agreement to design and manufacture electric and autonomous driving car components will improve smart and sustainable mobility and contribute to the development of transport industries, which is one of the subsectors targeted by Abu Dhabi Industrial Strategy (ADIS) and its initiatives, including Industry 4.0’s innovative technologies to drive Abu Dhabi’s transition towards a smart, circular and sustainable economy.

Rashed Abdulkarim Al Blooshi, Under-Secretary of ADDED, attended the signing ceremony of the agreement, which was signed by Arafat Al Yafei, Executive Director of the Industrial Development Bureau (IDB), the ADDED’s arm to develop industrial sector in Abu Dhabi, and Tamer Aly, Group Technical Centre Vice President and Valeo Egypt General Manager, in Abu Dhabi.

Arafat