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Home Sector Logistics Investopia 2024: MoU signed with Emirates Motor Company for cooperation in innovative transportation

Investopia 2024: MoU signed with Emirates Motor Company for cooperation in innovative transportation

The deal aims to develop innovative, sustainable solutions in the automotive industry
Investopia 2024: MoU signed with Emirates Motor Company for cooperation in innovative transportation
Part of Investopia 2024. (Photo Credit: Investopia)

Investopia 2024 announced the signing of a memorandum of understanding (MoU) with Emirates Motor Company, a member of the Al Fahim Group and the authorized general agent for Mercedes-Benz cars in Abu Dhabi. This collaboration aims to foster innovation in the field of transportation.

Read more: Investopia 2024: 11 panels exploring investment opportunities in new economy

The MoU was signed by Badriya Al Maidour, assistant under-secretary of the UAE Ministry of Economy for the Support Services Sector, and Ahmed Abdul Jalil Al Fahim, chairman of the Board of Directors of Al Fahim Group. The signing ceremony took place in the presence of Abdullah bin Touq Al Marri, UAE minister of Economy.

Developing innovative business models

Badriya Al Maidour stated that the agreement is in alignment with Investopia’s vision to enhance collaborations with its partners and establish new and sustainable partnerships. She also mentioned that the deal will contribute to the achievement of their ambitious goals. Al Maidour further added that they are pleased to collaborate with Emirates Motor Company and jointly develop innovative business models in the transportation sector. She emphasized the importance of keeping pace with future trends and promoting the transition towards new economic sectors.

Sustainable solutions in the automotive industry

For his part, Ahmed Abdul Jalil Al Fahim said the renewal of their partnership with Investopia reflects their shared vision to promote new economic concepts. He highlighted their commitment to advancing the electric mobility sector and offering sustainable solutions within the automotive industry. Al Fahim highlighted that the agreement signifies a substantial step forward in introducing state-of-the-art technologies and innovations in the field of electric mobility and green transportation.

Delivering innovative services

The renewed agreement aims to deliver innovative services and falls within the framework of Investopia’s emphasis on the new economy and green economy sectors. It also seeks to promote the adoption of advanced, environmentally friendly technologies and clean energy sources, thus fostering a reliance on sustainable practices.

Investopia 2024 is taking place in Abu Dhabi on February 28th and 29th. The event‘s overarching theme is “Emerging Economic Frontiers: Investing in the New Economy Growth Sectors.”

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