ADDED signs pact with Valeo to set up automotive technology hub in Abu Dhabi

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The hub will develop industrial solutions to support local electric car startups in Abu Dhabi as well as cooperate with the local electric vehicle companies. (WAM)
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  • Valeo plans to explore new areas of development by integrating its advanced technologies and its sustainability vision in green cities.
  • The agreement to design and manufacture electric and autonomous driving car components will improve smart and sustainable mobility.

ABU DHABI, UAE –  Abu Dhabi Department of Economic Development (ADDED) has partnered with Valeo to develop the automotive industry here by establishing a technology hub to manufacture autonomous and electric car components in the emirate.

The hub will develop industrial solutions to support local electric car startups in Abu Dhabi as well as cooperate with the local electric vehicle companies.

Valeo plans to explore new areas of development by integrating its advanced technologies and its sustainability vision in green cities.

The agreement to design and manufacture electric and autonomous driving car components will improve smart and sustainable mobility and contribute to the development of transport industries.

This is one of the subsectors targeted by Abu Dhabi Industrial Strategy (ADIS) and its initiatives, including Industry 4.0’s innovative technologies to drive Abu Dhabi’s transition towards a smart, circular and sustainable economy.

Rashed Abdulkarim Al Blooshi, Under-Secretary of ADDED, attended the signing ceremony of the agreement, which was signed by Arafat Al Yafei, Executive Director of the Industrial Development Bureau (IDB), the ADDED’s arm to develop industrial sector in Abu Dhabi, and Tamer Aly, Group Technical Centre Vice President and Valeo Egypt General Manager, in Abu Dhabi.

Arafat Al Yafei, Executive Director of Industrial Development Bureau (IDB), said, “We look forward to act on this agreement with Valeo as part of our ongoing efforts to achieve the ambitious objectives of ADIS.”

He said, “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.”

Tamer Aly said, “I am really happy about this MoU signing that allows Valeo to have a footprint in Abu Dhabi to avail their components and technologies to the rising up automotive industry and as well transferring this experience to the high tech and advanced education societies.”

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