Emirates Building Systems (EBS), a key subsidiary of Dubai Investments, and a leading manufacturer of steel structures in the Middle East, has secured contracts worth over AED225 million ($61.2 million) across several projects in the GCC region.
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“We need to get a midsize vehicle, our volume vehicle, priced at around, we believe, about $48,000, and get that into production,” he said. “It’s on schedule for production in late 2026.”Later in the call, Rawlinson reiterated the price range and teased that the model would be “the big one, the one that’s going to be exciting.”