Abu Dhabi Investment Office (ADIO) and Abu Dhabi Ports Group have signed a strategic cooperation agreement with global automaker Stellantis to create a fully integrated automotive ecosystem in Abu Dhabi.
The partnership will leverage the UAE capital’s strengths to develop a regional hub for automotive exports, advanced mobility technologies, and industrial innovation. This is consistent with the Emirates’ vision of becoming a global trade and manufacturing powerhouse.
Moreover, Stellantis and ADIO inked an agreement to open up investment opportunities in the automotive sector in Abu Dhabi.
On the back of the emirate’s top-notch logistics infrastructure and a friendly environment for investors, the company seeks to grow local manufacturing capabilities through various initiatives and also create electrification, autonomous transport, and sustainable mobility modules together.
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As a result of the merger of Fiat Chrysler Automobiles and Groupe PSA in 2021, Stellantis globally markets the iconic brands such as Peugeot, Jeep, Fiat, Citroën, Dodge, Alfa Romeo, and Maserati, and its regional headquarters are located in Dubai for the Middle East branch of operations.
Mohammed Al Kamali, Chief Industry & Trade Officer at ADIO, commented that this cooperation is a strategic milestone to open up new horizons in Abu Dhabi’s industrial and trade ecosystem, which will be engendered with high-impact and future-focused investments.
Capt. Ammar Al Shaiba of AD Ports Group stated that there is a great deal of harmony between the manufacturing excellence of Stellantis and the integrated logistics networks in Abu Dhabi, which is expected to open up the region to innovative mobility solutions Middle East and Africa.
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