The British luxury sports car maker Aston Martin has launched phase two of the development of only its second UK production line, on the former ministry of defence site in St Athan in south Wales.
The new £200 million (Dh911m) facility will enable the company to start production of its first 4x4, the Aston Martin DBX, in 2019.
“Due to its sheer size and scale, the St Athan [ex-aircraft] ‘super hangars’ represented an excellent opportunity for us to build our second manufacturing facility, within the envelope of an existing structure,” said the Aston Martin chief executive Andy Palmer.
“It is perhaps fitting that St Athan is, like our headquarters and sports car factory at Gaydon, a former royal air force [RAF] base.”
Adding to the air force connection, the car maker also announced its latest Q by Aston Martin creation; the Vanquish S Red Arrows edition.
Just 10 examples of the cars, inspired by the air force’s Red Arrows aerobatics team, are being commissioned by Aston Martin Cambridge, each with special design features, hand-crafted interiors and graphic elements that draw on the visual language of aviation, Aston said. Only nine will be avaible to buy.
Phase two of the St Athan development marks the beginning of the project that will see the three super hangars redeveloped into a state-of-the-art manufacturing facility. The new plant brings employment opportunities to South Wales; a recruitment event last year attracted 3,000 applications and already the first technicians are working on the DB11 sports car at Gaydon, training for the highly-skilled roles they will take up at St Athan in 2020, according to the car maker.
“As the UK exits the EU, we are determined that our country remains a great place to invest and to do business,” said the secretary of state for Wales, Alun Cairns. “Aston Martin’s decision to invest in Wales shows that we are creating and supporting the right conditions for industry investment.”
Founded in 1965, the Red Arrows quickly achieved a reputation for incredible precision flying and now operates using the BAE Systems Hawk aircraft at airshows across the UK and wider world.
The Q by Aston Martin Vanquish S Red Arrows edition is finished in Eclat Red, mirroring the familiar livery of the Hawks and referencing the word “Eclat”, the Red Arrows’ motto.
The limited edition is the third Q by Aston Martin – Commission from Aston Martin Cambridge, following on from the success of last year’s V12 Vantage S Spitfire 80 Edition, marking 80 years of the Supermarine Spitfire’s first flight, and the earlier Vantage S Blades Edition, developed in collaboration with the Blades Aerobatic Display Team.
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Sarfira
Director: Sudha Kongara Prasad
Starring: Akshay Kumar, Radhika Madan, Paresh Rawal
Rating: 2/5
The Byblos iftar in numbers
29 or 30 days – the number of iftar services held during the holy month
50 staff members required to prepare an iftar
200 to 350 the number of people served iftar nightly
160 litres of the traditional Ramadan drink, jalab, is served in total
500 litres of soup is served during the holy month
200 kilograms of meat is used for various dishes
350 kilograms of onion is used in dishes
5 minutes – the average time that staff have to eat
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
PROFILE OF INVYGO
Started: 2018
Founders: Eslam Hussein and Pulkit Ganjoo
Based: Dubai
Sector: Transport
Size: 9 employees
Investment: $1,275,000
Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
Water waste
In the UAE’s arid climate, small shrubs, bushes and flower beds usually require about six litres of water per square metre, daily. That increases to 12 litres per square metre a day for small trees, and 300 litres for palm trees.
Horticulturists suggest the best time for watering is before 8am or after 6pm, when water won't be dried up by the sun.
A global report published by the Water Resources Institute in August, ranked the UAE 10th out of 164 nations where water supplies are most stretched.
The Emirates is the world’s third largest per capita water consumer after the US and Canada.
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.
