M Glory Group laid the foundation stone for the United Arab Emirate’s first industrial facility to manufacture electric vehicles (EV) at Dubai Industrial City, one of the largest industrial hubs in the region, and worth an investment of Dhs1.5 billion. The factory’s official opening on Monday
UAE-based M Glory Group laid the foundation stone for the country s first industrial facility that will manufacture electric vehicles in Dubai. The factory is being built on a 1 million sq ft area at a total investment of AED1.5 billion ($408.3 million).
UAE-based M Glory Group is setting up the country’s first industrial unit for manufacture of electric vehicles in Dubai at an investment of AED1.5 billion ($408 million). Once operational, the plant will produce 55,000 cars per annum, mostly for export.