Launch of first electric vehicle manufacturing facility and free Dubai public parking

Launch of first electric vehicle manufacturing facility and free Dubai public parking

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  • Launch of first electric vehicle manufacturing facility under the management of M Glory Holding Group and free Dubai public parking on Sundays

Dubai welcomes first electric vehicle manufacturing facility under the management of the investment company, M Glory Holding Group.

Dubai Industrial City Factory provide:

  • 1,000 jobs
  • 55,000 EVs per year

Area – 93,000m² Project cost – $408.4 million

According to the Organisation for Economic Co-operation and Development:

Dubai scale-ups accounted for 57% of funding in Mena region in 2021. Dubai is home to 39% of the MENA's scale-ups. Scale-up is a company that shows an annual growth of 20% for 3 years.

Dubai public parking now free on Sundays.

Charges will be applied Monday through Saturday, from 8am to 10pm. Maximum allowed stopping time in public parking аreas:

  • Roadside – 4 hours
  • Рarking slots – 24 hours
  • Multi-storey facilities – 30 days

Sources: The National News, Khaleej Times

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