Abu Dhabi Department of Economic Development (ADDED) has signed a Memorandum of Understanding (MoU) with Valeo, a French global automotive supplier, to establish a technology hub to manufacture autonomous and electric car components in the emirate.
The hub will collaborate with local EV firms and develop industrial solutions to support local Abu Dhabi electric car startups. By integrating its cutting-edge technologies and its commitment to sustainability in green cities, Valeo seeks to explore new areas of development.
This collaboration to develop the transport industry, is aligned with the Abu Dhabi Industrial Strategy (ADIS) and Industry 4.0’s innovative technologies. This agreement to design and manufacture electric and autonomous driving car components will improve smart and sustainable mobility as well as the economy of the emirate.
Arafat Al Yafei Executive Director IDB
“We look forward to acting on this agreement with Valeo as part of our ongoing efforts to achieve the ambitious objectives of the Abu Dhabi Industrial Strategy (ADIS). This cooperation to develop smart mobility and set up a technology hub for electric, autonomous car components in Abu Dhabi is in line with our initiatives to ensure that growth, sustainability, and advanced technologies go hand in hand in all aspects of our socio-economic development.”
His Excellency Rashed Abdulkarim Al Blooshi, Undersecretary of ADDED, attended the signing ceremony of the agreement, which was signed by Eng. Arafat Al Yafei, Executive Director of the Industrial Development Bureau (IDB), the ADDED’s arm to develop the industrial sector in Abu Dhabi, and Eng. Tamer ALY, Group Technical Center Vice President and Valeo Egypt General Manager, in Abu Dhabi.
Eng. ALY, said that “I am really happy about this MoU signing that allows Valeo, the market leader in the design and producing high technology automotive components for autonomous and electric cars, to have a footprint in Abu Dhabi to avail their components and technologies to the rising automotive industry in Abu Dhabi, and as well transferring this experience to the high tech and advanced education societies in Abu Dhabi.”
