Latest news with #AED92
Hi Dubai
6 days ago
- Automotive
- Hi Dubai
Omega Seiki Mobility to Invest AED92 Million in EV Assembly Plant at Dubai's Jafza
Omega Seiki Mobility (OSM), a leading Indian electric vehicle manufacturer, has announced the launch of its first overseas electric vehicle assembly plant in Dubai's Jebel Ali Free Zone (Jafza), committing AED92 million (US$25 million) over the next five years. The move aims to accelerate the company's global expansion and meet rising demand for low-emission transport in the Middle East and Africa. Covering 42,000 square feet, the facility will assemble OSM's range of electric two- and three-wheelers and serve as a storage and distribution hub for auto components and spare parts. Operations are expected to begin by the end of 2025, with the initial phase creating over 100 jobs. Strategically positioned to serve export markets, the plant will enhance UAE-India trade ties in clean technology. Abdulla Al Hashmi, COO of Parks & Zones at DP World GCC, said: With the MENA EV market projected to reach US$14.5 billion by 2029, this facility brings innovative mobility solutions closer to the region and underlines Dubai's role as a global hub for the automotive sector. OSM Founder and Chairman Uday Narang described the launch as a significant milestone, highlighting Jafza's connectivity to over two billion consumers and its enabling business environment. He added that the company's goal is to make clean mobility accessible and commercially viable for partners across the region. While OSM's immediate focus is on EVs, the company also plans to introduce CNG-powered models for select African markets as a transitional clean fuel option. Its flagship products, the OSM Rage+ cargo three-wheeler and OSM Stream passenger vehicle, offer ranges of up to 270 km, fast-charging and battery-swapping capabilities, and IoT-based fleet management features. With more than 160 dealerships in India and over 20,000 vehicles on the road, OSM is positioning Dubai as its global launchpad for clean transport solutions, reinforcing the emirate's role in shaping the region's sustainable mobility future. News Source: Emirates News Agency
Zawya
18-02-2025
- Business
- Zawya
Burjeel Holdings to establish leading radiation oncology network in GCC
ABU DHABI - Burjeel Holdings has announced its plan to establish the leading radiation oncology network in the GCC, following its successful acquisition of an 80% stake in Dubai-based Advanced Care Oncology Centre (ACOC), renowned for its specialised expertise in radiation therapy, nuclear medicine, and chemotherapy services. This transformative initiative aims to redefine cancer care delivery in the region, leveraging ACOC's expertise to build a network that ensures accessible and advanced oncology treatment. Burjeel has acquired the equity stake in ACOC for AED92 million on a cash-free, debt-free basis, with an option to acquire the remaining stake. The planned ACOC-branded network aims to strategically improve oncology access in underserved markets across the GCC. The stand-alone centres, which are part of the network, will serve as trusted hubs for radiation therapy. Each centre will be equipped with cutting-edge technologies, including state-of-the-art LINAC systems, AI-driven radiation planning, and precision imaging tools. By offering focused and dedicated radiation therapy services, the centres will establish a robust platform for referrals from a broad network of healthcare providers. John Sunil, Group CEO of Burjeel Holdings, said, 'Our vision is to establish a comprehensive and advanced oncology network in the GCC, addressing unmet needs in specialised cancer care. By building on ACOC's legacy of excellence, we will bring accessible, high-quality radiation oncology services closer to patients, significantly enhancing cancer care outcomes across the region. This network will not only support early intervention and treatment but will also connect seamlessly with the Burjeel Cancer Institute for advanced therapies.'
