The Abu Dhabi Department of Economic Development (ADDED) and Valeo have reached a strategic agreement to develop the industrial sector and avail the opportunity to Valeo to design and manufacture electric and autonomous driving car components in the emirate of Abu Dhabi.
The partnership aims to strengthen the industrial solutions development community as well as cooperate with the local Startups 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, which 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.
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 industrial sector in Abu Dhabi, and Eng. Tamer ALY, Group Technical Center Vice President and Valeo Egypt General Manager, in Abu Dhabi.
Eng. 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 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”.
Eng. Tamer ALY, Group Technical Center Vice president, and Valeo Egypt General Manager, said “I am really happy about this MoU signing that allows Valeo , the market leader in 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 up automotive industry in Abu Dhabi, and as well transferring this experience to the high tech and advanced education societies in Abu Dhabi”