With several electric mobility initiatives already underway, recently, NWTN, an electric car manufacturer based in the UAE, announced the expansion of its operations and establishing an integrated production line through a partnership to accelerate the development of Abu Dhabi’s green automotive industry.
The announcement by the Abu Dhabi Department of Economic Development (ADDED) will spur job opportunities for Emiratis and contribute to the growth of the green economy. To ensure the successful integration of Emiratis into the NWTN group of companies, the Industrial Development Bureau (IDB), a department responsible for industrial sector development, will collaborate with NWTN to provide relevant training and professional development.
The agreement, part of Abu Dhabi’s efforts to enhance its competitiveness in line with the emirate’s industrial strategy, aims to fortify the Abu Dhabi Industrial Strategy, which has received a $2.72 billion investment from the Abu Dhabi government. The strategy aims to double the size of the manufacturing sector to $46 billion, create 13,600 jobs, and increase the emirate’s non-oil exports by 143% to $48 billion by 2031. It is part of the broader Operation 300bn program, launched in March 2021, which seeks to raise the industrial sector’s contribution to the UAE’s gross domestic product to $81 by 2031.
Through their partnership, Added and NWTN aim to expedite the progress of the modern car industry and transportation methods in Abu Dhabi. They also plan to establish an innovation community that will drive advancements in automotive technology and strengthen the frameworks of the green economy.
The joint efforts will explore opportunities for cooperation in advanced technologies, innovation, creativity, and research and development within the transportation sector. These efforts are aligned with the subsector targets of the Abu Dhabi Industrial Strategy.
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