Dhs120 billion revenue, 50,000 jobs: Khaled Bin Mohamed Bin Zayed launches Smart & Autonomous Vehicle Industries (SAVI) cluster in Abu Dhabi
- 11 Oct 2023
Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has endorsed a plan to establish a world-leading Smart & Autonomous Vehicle Industries (SAVI) cluster in Abu Dhabi.
The SAVI cluster is expected to contribute Dhs90 billion-Dhs120 billion to the UAE economy and generate 30,000-50,000 jobs. His Highness, in the presence of Sheikh Hamdan Bin Mohamed Bin Zayed Al Nahyan, reviewed details of the plans presented by Ahmed Jasem Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development, to develop an extensive multi-modal cluster designed to transform the development of smart and autonomous vehicles across air, land and sea.
His Highness reaffirmed that Abu Dhabi continues to further establish its position as a leader in the field of advanced industries and cutting-edge technologies, and expand its investments in the field to enhance its global competitiveness while transitioning to clean and sustainable industries.
His Highness also gave directives to establish strategic partnerships to develop Emirati talent and attract global talent, tap into the latest technologies, create an enabling ecosystem, and drive the sector’s growth.
The establishment of the SAVI cluster will enhance Abu Dhabi’s position as a global hub for the development of smart and autonomous vehicles – building on the strength of the emirate’s aviation and aerospace industries, and supported by its advanced technology infrastructure and thriving R&D ecosystem. Gulf Today, Staff Repor
