· FEST supports Abu Dhabi’s ambitions to advance innovations and applications in smart, autonomous and sustainable urban mobility across air, land and sea.
· FEST, a global mobility solutions company and electric light commercial vehicle manufacturer is the latest to join Abu Dhabi’s innovation ecosystem by establishing a global headquarters at the Abu Dhabi Global Market (ADGM).
Abu Dhabi, UAE (25 April 2024) – FEST Auto Global Holding Ltd (FEST), a global mobility solutions company with a mission to redefine urban transportation, is proud to announce that it has signed an agreement with Abu Dhabi University (ADU), aimed at fostering innovation in sustainable urban mobility.
The agreement outlines a shared vision for the future, with FEST and ADU working together to enhance FEST's proprietary Fleet Management System (FMS) and Vehicle Management System (VMS). These systems are designed to increase operational efficiency through advanced system customization and to showcase the practical viability of FEST's customized electric vans in real-world applications.
"This collaboration underscores our commitment to leveraging advanced technology and research to solve urban mobility challenges," said Alishir Khalil, CEO of FEST. "It aligns perfectly with the UAE’s vision for sustainable development and positions the nation as a leader in global innovation and environmental stewardship."
ADU will provide significant academic and technical resources, including research support and access to state-of-the-art facilities. The project aims to promote practical innovations, and to integrate these advancements into educational programs, thus nurturing future talent in the sector.
As a potential project in Abu Dhabi, FEST is set to team up with ADU to initiate a pilot program by establishing an R&D Innovation Hub at the university. This partnership combines ADU's academic prowess with FEST's expertise in electric vehicle technology to enhance urban mobility solutions
Professor Ghassan Aouad, the Chancellor of Abu Dhabi University, commented “We are thrilled to partner with FEST in this pioneering initiative.This collaboration marks a significant milestone in our commitment to fostering innovation and supporting sustainable development in the region. By combining ADU's academic resources with FEST's technological expertise, we aim to drive advancements in urban mobility that align with the UAE's strategic goals for environmental sustainability and technological leadership.”
FEST has established its global headquarters at the Abu Dhabi Global Market (ADGM). The Abu Dhabi Investment Office (ADIO) is supporting FEST to ensure a smooth and seamless business setup in the Emirate.
Nayef Shahin - Director of Innovation & Knowledge at ADIO, said: "At ADIO, we are committed to expanding the horizons of clean and smart mobility by supporting global pioneers like FEST. The company joins an increasing number of global players who have selected Abu Dhabi due to its status as an investment destination of choice and an enabler of smart solutions.”
With a vision to become the global leader in sustainable urban transportation, and a forward-looking approach to mobility, FEST has to date launched products in Europe, the Middle East and Latin America with the growing sales and service networks. The establishment of a global HQ in AbuDhabi marks the next phase of its growth objectives where the company is looking into building an R&D Innovation hub for its latest mobility innovations and technologies to be tested, commercialised, and scaled.
Alishir Khalil, CEO of FEST, said, "Establishing our headquarters in ADGM strategically positions FEST to tap into the Middle East, Africa and Asia's markets, leveraging its role as a hub for international trade and finance. This location offers top-tier facilities, access to international capital, and a vibrant community conducive to business growth and global collaborations."
FEST is global mobility solutions company with a mission to redefine urban transportation by developing eco-friendly and smarte-LCVs, integrating AI-based digital solutions for vehicle and fleet efficiency.
We are committed to the decarbonization of society by enabling companies to make a positive impact on CO2 reduction through providing leading design and integrated technologies to make that happen.
With headquarters in the Abu Dhabi, United Arab Emirates and Singapore, FEST is present in 10 countries across Middle East,Asia, Europe, and Latin America.
For further information, please visit www.festauto.com, or email info@festauto.com.
Abu Dhabi University (ADU) is one of the region’s leading academic institutions, translating the UAE Government’s National Agenda to deliver internationally accredited academic programs and world-class research.
Established in 2003, with campuses across Abu Dhabi, Al Ain, and Dubai, the University serves over 8,000 students from over 100 nationalities. The University is home to five colleges across different disciplines including arts and sciences, business, engineering, health sciences, and law, while offering a diverse range of over 50 undergraduate and graduate programs.
According to the Times Higher Education Rankings (THE), ADU ranks second in the UAE forits research quality, and it is among the top three universities in the UAE,while holding the number one position in the teaching pillar. Additionally, THERankings has recognized the University’s Business and Economics subject area as number one in the UAE.
The University has made an impressive debut in THE Young University Rankings 2023,ranking in the 58th position globally among the world's best universities that are 50 years or younger. Furthermore, the University came in 59th place in the prestigious THE Asia Rankings 2023 and was ranked first in the UAE for graduate employability as per the Global University Employability Ranking 2023-24.
Parallelly,ADU ranks in the 580th place globally, according to the 2024 edition of the QS World University Rankings and received a 5-star rating in the 2022 QS Stars rating.
ADU continues to empower faculty and students with state-of-the-art resources,facilities, and learning opportunities that foster innovation and support research-based problem-solving. The University maintains strong international collaborations with leading academic institutions and public and private sector organizations, with institutional accreditation from the Western Association of Schools and Colleges' Senior College and University Commission (WASC).
The Abu Dhabi Investment Office (ADIO) enables local, regional, and international investors to thrive and grow in the UAE capital through its close collaboration with government partners, sovereign investors, and national champions. ADIO is Abu Dhabi's premier platform that empowers the private sector to grow, partner and compete globally by providing access to growth opportunities, strategic partnerships and new markets across key sectors that range from real estate and infrastructure to industries and agribusiness, enhancing the nation’s investment in talent, innovation, and sustainability.
With a growing network of global offices, investors can contact ADIO by visiting its head office in Abu Dhabi or international offices located in Beijing, Frankfurt, London, New York, Paris, San Francisco,Seoul, and Tel Aviv.
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