Partnership agreement to establish an EV manufacturing facility in Jordan with an investment value of $80 million

January 11, 2024

PARTNERSHIP AGREEMENT TO ESTABLISH AN EV MANUFACTURING FACILITY IN JORDAN WITH AN INVESTMENT VALUE OF $80 MILLION
We are proud to announce that as an expansion on our existing partnership with Manaseer Group, alongside our strategic partner NWTN, we will be jointly working together to establish an EV manufacturing plant in Jordan. This will be the first such facility in the Levant region with an investment value of $80 million. The signing ceremony was held in the presence of HE Dr. Sultan Al Jaber, the UAE's Minister of Industry and Advanced Technology, HE Yousef Al Shamali, Jordan's Minister of Industry, Trade and Supply, HE Abdullah bin Adel Fakhro, Bahrain’s Minister of Industry and Commerce, HE Engineer Ahmed Samir Saleh, Egypt’s Minister of Industry and Trade and HE Riyad Mazour, Morocco’s Minister of Industry and Trade. The signing took place at the 4th meeting of the Higher Committee of the Industrial Partnership for Sustainable Economic Development held in Bahrain. The meeting saw the signing of a total of $2.2 billion of partnerships and projects that solidify the Industrial union between the UAE, Jordan, Bahrain, Egypt and Morocco.
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