UAE-headquartered NWTN, a green technology firm, has signed an MoU with Abu Dhabi Department of Economic Development (DED) to build an integrated production line in the Emirate.
As per the agreement, its key subsidiary NWTN Technologies Industries will be bringing its passenger-centric green premium mobility solutions in the country with gradual expansion plans across the region. The deal will focus on enhancing cooperation and would contribute to the development of the automotive industry in the Emirate. The agreement is valid for an initial period of two years, which can further be renewed with the mutual agreement between the parties.
The deal would help expedite the advancement of the modern automobile industry and transportation in Abu Dhabi, in alignment with the goals set forth in the Industrial Vision 2031. It would also encourage an innovative community that actively contributes to automotive technology trends, further strengthening collaboration in the green economy and environmental sectors.
As per the agreement, the DED has committed to cooperation and coordination in order to devise a streamlined work system that simplifies, facilitates, and enhances the necessary procedures for NWTN to obtain industrial licenses. The procedures will adhere to the required technical, organizational, and procedural standards.
The DED will support and promote the integration of the local population into the workforce of NWTN and NWTN has also agreed to provide required training and professional development opportunities to the candidates.