The Abu Dhabi Department of Economic Development (ADDED) and NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world, have inked an agreement to train and provide job opportunities for UAE talent and develop the automotive industry as well as green economy.
NWTN plans to build an integrated production line and expand its factory in Abu Dhabi in accordance with the highest industrial and sustainable standards. The Industrial Development Bureau (IDB), the ADDED’s arm to develop the industrial sector, and NWTN will cooperate to provide necessary training and professional development opportunities to Emirati talent, ensuring their successful integration into NWTN group companies.
The two parties will also accelerate development of modern automotive industry and means of transportation in the emirate of Abu Dhabi, foster an innovation community to contribute positively to automotive technology, and strengthen green economy’s frameworks.
They will explore cooperation opportunities in advanced technologies, innovation, creativity, and research and development (R&D) in transportation industries which is one of the subsectors targeted by the Abu Dhabi Industrial Strategy.
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 Mr. Mohammad Rashid Al Hafi, from NWTN.
The agreement is part of ADDED’s initiatives to deliver the objectives of Abu Dhabi Industrial Strategy (ADIS), launched in June 2022, to strengthen the emirate’s position as the region’s most competitive industrial hub.
ADDED is ramping up its efforts to develop, attract, and upskill human capital in the industrial sector to meet the rising demand for highly skilled, knowledge-based jobs as well as enhancing green economy practices and Industry 4.0 technologies to drive Abu Dhabi’s transition towards a smart, circular, and sustainable economy.