A new Dh1.5 billion ($408 million) electric vehicle factory with the capacity to produce 10,000 cars a year has opened in Dubai.
The Al Damani Electric Vehicle Manufacturing Factory by M Glory, in Dubai Industrial City, covers 45,000 square feet.
It will house a temporary assembly line until a more comprehensive plant is completed, to be operational within two years. Once ready, it will have a production capacity of 55,000 electric cars per year, the company said in a statement on Wednesday.
"This historic milestone will provide another low-emission energy source and contribute to creating a more sustainable future for the UAE and the region," said Saud Abu Al Shawareb, executive vice president of Industrial Leasing at Tecom Group.
"By delivering cutting-edge, technologically supported solutions in line with Operation 300bn and driven by our partnership with the Ministry of Industry and Advanced Technology, the manufacturing sector can play a crucial role in supporting the national net zero strategy."
M Glory this year said its EVs will be exported to the wider GCC region, as well as Egypt, Tanzania, Senegal, Mali and Kenya.
It has already revealed its first electric car, the Al Damani DMV300. Two models have been built using European specifications, with a battery capacity of 52.7 kWh and the ability to cover more than 405km on a single charge.
The UAE is expanding efforts to shift to greener technology, most notably under its Net Zero 2050 Strategic Initiative, which calls Dh600bn investment in clean and renewable energy sources in the next three decades.
The factory is "the first and only facility of its kind in the UAE to meet 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.
Global sales of electric vehicles doubled last year to represent nearly 9 per cent of the car market, the International Energy Agency said.
In the first quarter of 2022, EV sales reached 2 million, a 75 per cent increase on the first quarter of 2021.
The UAE is among the world's top 10 countries as a market geared towards electric mobility, consultancy Arthur D Little said.
Under the UAE Vision 2021, the government has promoted EV adoption across the nation. It has converted 20 per cent of the government agency cars to EVs and is aiming for 42,000 on the streets by 2030.
About 52 per cent of UAE residents are considering a switch to hybrid or electric motoring as the increase in fuel prices this year affects the way consumers think about transport, a survey in May by Audi Abu Dhabi showed.
Brief scores:
Toss: South Africa, chose to field
Pakistan: 177 & 294
South Africa: 431 & 43-1
Man of the Match: Faf du Plessis (South Africa)
Series: South Africa lead three-match series 2-0
Countries offering golden visas
UK
Innovator Founder Visa is aimed at those who can demonstrate relevant experience in business and sufficient investment funds to set up and scale up a new business in the UK. It offers permanent residence after three years.
Germany
Investing or establishing a business in Germany offers you a residence permit, which eventually leads to citizenship. The investment must meet an economic need and you have to have lived in Germany for five years to become a citizen.
Italy
The scheme is designed for foreign investors committed to making a significant contribution to the economy. Requires a minimum investment of €250,000 which can rise to €2 million.
Switzerland
Residence Programme offers residence to applicants and their families through economic contributions. The applicant must agree to pay an annual lump sum in tax.
Canada
Start-Up Visa Programme allows foreign entrepreneurs the opportunity to create a business in Canada and apply for permanent residence.
Asia Cup Qualifier
Final
UAE v Hong Kong
TV:
Live on OSN Cricket HD. Coverage starts at 5.30am
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
Chef Nobu's advice for eating sushi
“One mistake people always make is adding extra wasabi. There is no need for this, because it should already be there between the rice and the fish.
“When eating nigiri, you must dip the fish – not the rice – in soy sauce, otherwise the rice will collapse. Also, don’t use too much soy sauce or it will make you thirsty. For sushi rolls, dip a little of the rice-covered roll lightly in soy sauce and eat in one bite.
“Chopsticks are acceptable, but really, I recommend using your fingers for sushi. Do use chopsticks for sashimi, though.
“The ginger should be eaten separately as a palette cleanser and used to clear the mouth when switching between different pieces of fish.”
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SPECS
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All the Money in the World
Director: Ridley Scott
Starring: Charlie Plummer, Mark Wahlberg, Michelle Williams, Christopher Plummer
Four stars
Know your Camel lingo
The bairaq is a competition for the best herd of 50 camels, named for the banner its winner takes home
Namoos - a word of congratulations reserved for falconry competitions, camel races and camel pageants. It best translates as 'the pride of victory' - and for competitors, it is priceless
Asayel camels - sleek, short-haired hound-like racers
Majahim - chocolate-brown camels that can grow to weigh two tonnes. They were only valued for milk until camel pageantry took off in the 1990s
Millions Street - the thoroughfare where camels are led and where white 4x4s throng throughout the festival
If you go
The flights
Emirates flies from Dubai to Seattle from Dh5,555 return, including taxes. Portland is a 260 km drive from Seattle and Emirates offers codeshare flights to Portland with its partner Alaska Airlines.
The car
Hertz (www.hertz.ae) offers compact car rental from about $300 per week, including taxes. Emirates Skywards members can earn points on their car hire through Hertz.
Parks and accommodation
For information on Crater Lake National Park, visit www.nps.gov/crla/index.htm . Because of the altitude, large parts of the park are closed in winter due to snow. While the park’s summer season is May 22-October 31, typically, the full loop of the Rim Drive is only possible from late July until the end of October. Entry costs $25 per car for a day. For accommodation, see www.travelcraterlake.com. For information on Umpqua Hot Springs, see www.fs.usda.gov and https://soakoregon.com/umpqua-hot-springs/. For Bend, see https://www.visitbend.com/.
Company%20profile
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The bio
Favourite food: Japanese
Favourite car: Lamborghini
Favourite hobby: Football
Favourite quote: If your dreams don’t scare you, they are not big enough
Favourite country: UAE
Lampedusa: Gateway to Europe
Pietro Bartolo and Lidia Tilotta
Quercus