- News
- 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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