A Dubai company that invests in technology, M Glory Holding Group, is opening an electric vehicle manufacturing plant, marking its foray into the highly competitive EV market amid the UAE's strategy to expand its manufacturing sector.
The Dh1.5 billion facility at Dubai Industrial City – which will have a total land area of 93,000 square metres – will be one of the largest in the Middle East and aims to make 55,000 EVs a year as demand for green mobility rises, the company said on Monday.
M Glory also introduced Al Damani DMV300, its first fully electric car. The venture is expected to create 1,000 jobs.
The factory is "an Emirati industrial facility with international specifications where we will manufacture environmentally-friendly electric cars, contributing to global efforts to reduce carbon emissions and support sustainable development", said Majida Al Azazi, chairwoman of M Glory Holding Group.
Ms Al Azazi laid the plant's foundation stone, together with Omar Al Suwaidi, Undersecretary in the UAE Ministry of Industry and Advanced Technology and Saud Abu Al Shawareb, managing director of Dubai Industrial City.
"The M Glory factory will employ the technologies and techniques of the Fourth Industrial Revolution ... using the latest robots in the manufacturing processes.”
The UAE is expanding efforts to shift to greener technologies, most notably under its Net Zero 2050 Strategic Initiative, which calls for Dh600bn to be invested in clean and renewable energy sources in the next three decades.
EVs play a major part in this programme, as transportation is the biggest contributor to carbon emissions. Global carbon dioxide emissions reached their highest ever annual level in 2021, rising 6 per cent to 36.3 gigatonnes, figures compiled by the International Energy Agency show.
Global sales of EVs, meanwhile, more than doubled to 6.6 million in 2021, the IEA said. The worldwide EV market has a market share of 9 per cent in the overall car industry, more than double the 4.1 per cent share in 2020 when three million units were sold, and more than triple 2019's 2.5 per cent share.
The willingness of consumers in the UAE to use EVs has continued to attract investments, including from major global players. Tesla Motors, the world's biggest EV maker, opened its showroom in Dubai in July 2017, the first in the Middle East amid signs of a maturing market for greener vehicles.
Uber Technologies, the ride-hailing company and parent of Dubai-based Careem, said at its symposium this month that one in four trips booked in the UAE will be emission-free by 2030. While just over 4 per cent of its trips are being made in EVs, the company has committed to multiplying that number six-fold by the end of the decade.
Companies in the country are also going beyond passenger vehicles to meet global green standards. This week, Barq EV, a UAE company, introduced electric delivery vehicles.
Last month, Abu Dhabi said it will host the Middle East and North Africa's first summit focused on EVs from May 23 to 25. The event is expected to attract important players in the burgeoning EV market.
The M Glory factory will employ the technologies and techniques of the Fourth Industrial Revolution ... using the latest robots in the manufacturing processes
Magda Al Azazi,
chairman of the board of directors of M Glory Holding Group
The opening of the M Glory plant is also in line with the UAE's key economic diversification programmes — Operation 300bn, Make it in the Emirates and Industry 4.0 — all of which leverage the importance of manufacturing in the economy and encourage more entrepreneurship.
"The aim of these projects is to make vital sectors in the UAE, including the industrial and technological sectors, even more attractive to investors. They will also help industries of the future to develop new competitive advantages and consolidate the position of the UAE as a hub for global companies, investments and talents," Mr Al Suwaidi said.
M Glory said its EVs will be exported to the wider GCC region, Egypt, Tanzania, Senegal, Mali and Kenya. The Al Damani DMV300, with two different models built using European specifications, has a battery capacity of 52.7 kWh and can cover more than 405 kilometres on a single charge.
"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," Mr Al Shawareb said.
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In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
The Beach Bum
Director: Harmony Korine
Stars: Matthew McConaughey, Isla Fisher, Snoop Dogg
Two stars
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UAE currency: the story behind the money in your pockets
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Dubai works towards better air quality by 2021
Dubai is on a mission to record good air quality for 90 per cent of the year – up from 86 per cent annually today – by 2021.
The municipality plans to have seven mobile air-monitoring stations by 2020 to capture more accurate data in hourly and daily trends of pollution.
These will be on the Palm Jumeirah, Al Qusais, Muhaisnah, Rashidiyah, Al Wasl, Al Quoz and Dubai Investment Park.
“It will allow real-time responding for emergency cases,” said Khaldoon Al Daraji, first environment safety officer at the municipality.
“We’re in a good position except for the cases that are out of our hands, such as sandstorms.
“Sandstorms are our main concern because the UAE is just a receiver.
“The hotspots are Iran, Saudi Arabia and southern Iraq, but we’re working hard with the region to reduce the cycle of sandstorm generation.”
Mr Al Daraji said monitoring as it stood covered 47 per cent of Dubai.
There are 12 fixed stations in the emirate, but Dubai also receives information from monitors belonging to other entities.
“There are 25 stations in total,” Mr Al Daraji said.
“We added new technology and equipment used for the first time for the detection of heavy metals.
“A hundred parameters can be detected but we want to expand it to make sure that the data captured can allow a baseline study in some areas to ensure they are well positioned.”
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COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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What is Folia?
Prince Khaled bin Alwaleed bin Talal's new plant-based menu will launch at Four Seasons hotels in Dubai this November. A desire to cater to people looking for clean, healthy meals beyond green salad is what inspired Prince Khaled and American celebrity chef Matthew Kenney to create Folia. The word means "from the leaves" in Latin, and the exclusive menu offers fine plant-based cuisine across Four Seasons properties in Los Angeles, Bahrain and, soon, Dubai.
Kenney specialises in vegan cuisine and is the founder of Plant Food Wine and 20 other restaurants worldwide. "I’ve always appreciated Matthew’s work," says the Saudi royal. "He has a singular culinary talent and his approach to plant-based dining is prescient and unrivalled. I was a fan of his long before we established our professional relationship."
Folia first launched at The Four Seasons Hotel Los Angeles at Beverly Hills in July 2018. It is available at the poolside Cabana Restaurant and for in-room dining across the property, as well as in its private event space. The food is vibrant and colourful, full of fresh dishes such as the hearts of palm ceviche with California fruit, vegetables and edible flowers; green hearb tacos filled with roasted squash and king oyster barbacoa; and a savoury coconut cream pie with macadamia crust.
In March 2019, the Folia menu reached Gulf shores, as it was introduced at the Four Seasons Hotel Bahrain Bay, where it is served at the Bay View Lounge. Next, on Tuesday, November 1 – also known as World Vegan Day – it will come to the UAE, to the Four Seasons Resort Dubai at Jumeirah Beach and the Four Seasons DIFC, both properties Prince Khaled has spent "considerable time at and love".
There are also plans to take Folia to several more locations throughout the Middle East and Europe.
While health-conscious diners will be attracted to the concept, Prince Khaled is careful to stress Folia is "not meant for a specific subset of customers. It is meant for everyone who wants a culinary experience without the negative impact that eating out so often comes with."
Results
Female 49kg: Mayssa Bastos (BRA) bt Thamires Aquino (BRA); points 0-0 (advantage points points 1-0).
Female 55kg: Bianca Basilio (BRA) bt Amal Amjahid (BEL); points 4-2.
Female 62kg: Beatriz Mesquita (BRA) v Ffion Davies (GBR); 10-2.
Female 70kg: Thamara Silva (BRA) bt Alessandra Moss (AUS); submission.
Female 90kg: Gabreili Passanha (BRA) bt Claire-France Thevenon (FRA); submission.
Male 56kg: Hiago George (BRA) bt Carlos Alberto da Silva (BRA); 2-2 (2-0)
Male 62kg: Gabriel de Sousa (BRA) bt Joao Miyao (BRA); 2-2 (2-1)
Male 69kg: Paulo Miyao (BRA) bt Isaac Doederlein (USA); 2-2 (2-2) Ref decision.
Male 77kg: Tommy Langarkar (NOR) by Oliver Lovell (GBR); submission.
Male 85kg: Rudson Mateus Teles (BRA) bt Faisal Al Ketbi (UAE); 2-2 (1-1) Ref decision.
Male 94kg: Kaynan Duarte (BRA) bt Adam Wardzinski (POL); submission.
Male 110kg: Joao Rocha (BRA) bt Yahia Mansoor Al Hammadi (UAE); submission.
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
