M Glory breaks ground on e-vehicle manufacturing plant in Dubai
DUBAI, March 28, 2022
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 solutions.
The new factory, being built on a total land area of 1 million sq ft, will create more than 1,000 jobs and comes as part of M Glory's future expansion plans.
Announcing the new venture, the company 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.
These electric cars will be exported to the wider GCC region, Egypt, Tanzania, Senegal, Mali and Kenya, it stated.
During the event, M Glory 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.
Omar Suwaina Al Suwaidi, Undersecretary at Ministry of Industry and Advanced Technology (MoIAT), said:"The aim of these projects is to make vital sectors in UAE, including the industrial and technological sectors, more attractive to investors. It will also help industries of the future to develop new competitive advantages and boost UAE's position as a hub for global investments and talents."
Dr Magda Al Azazi, Chairman of the Board of Directors of M Glory Holding Group, said: "Today we are inaugurating an Emirati industrial facility with international specifications where we will manufacture eco-friendly electric cars, contributing to global efforts to cut carbon emissions and support sustainable development."
According to her, 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 factory will produce a variety of electric cars, the types and details of which will be revealed during the coming period,"stated Dr Al Azazi.
These cars will be competitive and durable as they are compatible with the environment and atmosphere of the Gulf region and will constitute a qualitative addition to the electric car sector, she added.
On the upcoming plant, Saud Abu Al Shawareb, Managing Director of Industrial City, said: "Sustainability is a global responsibility and transitioning to alternative, low emission energy sources is an integral part of achieving a greener future."
"The manufacturing industry can play an essential role in enabling the national net zero strategy by delivering innovative, technology-backed solutions in line with Operation 300bn and powered by our partnership with the Ministry of Industry and Advanced Technology," he stated.
"M Glory’s addition to our community demonstrates our commitment to boosting the manufacturing industry, as well as supportive environment that empowers local manufacturers like M Glory to set up operations and fuel the ‘Make it in the Emirates’ initiative," he added.-TradeArabia News Service
