Skip to main content

Abu Dhabi’s Mubadala to develop electric car charging stations with France’s ENGIE

The UAE is in the early stages of a transition from oil and gas to cleaner energy sources.
Visitors look at screens displaying images of the Mohammed bin Rashid Al-Maktoum Solar Park on March 20, 2017.

The Emirati sovereign wealth fund Mubadala Investment Company signed a memorandum of understanding today with the French energy company ENGIE related to electric vehicles. 

Per the agreement, Mubadala and ENGIE will work to develop a “digital platform” for charging electric vehicles in Abu Dhabi. The platform will relate to the installation and operation of charging infrastructure for the vehicles, the official Emirates News Agency reported

Why it matters: The United Arab Emirates is seeking to improve its environmental record by investing in green technology. Abu Dhabi recently rolled out a plan to place bicycles on buses to this end. The UAE is also working with Israel to develop clean hydroelectricity, and the Abu Dhabi-based Etihad Airways is experimenting with flight technologies that slightly reduce fuel consumption. 

Elsewhere in the region, Dubai’s AMEA Power just agreed to build two solar power plants in Morocco. 

The UAE is having some success in its pursuit of greener technology. Use of nuclear power for electricity is increasing, for example. 

Oil and gas remain a large part of the Emirati economy. About 30% of the UAE’s gross domestic product is directly based on oil and gas. 

Electric vehicles are appealing because they emit less carbon dioxide than vehicles that rely on petroleum. However, manufacturing electric vehicles can also harm the environment, such as with the mining of rare earth minerals. 

Know more: Mubadala also signed yesterday an investment agreement with a Greek development bank. 

Join hundreds of Middle East professionals with Al-Monitor PRO.

Business and policy professionals use PRO to monitor the regional economy and improve their reports, memos and presentations. Try it for free and cancel anytime.

Already a Member? Sign in


The Middle East's Best Newsletters

Join over 50,000 readers who access our journalists dedicated newsletters, covering the top political, security, business and tech issues across the region each week.
Delivered straight to your inbox.


What's included:
Our Expertise

Free newsletters available:

  • The Takeaway & Week in Review
  • Middle East Minute (AM)
  • Daily Briefing (PM)
  • Business & Tech Briefing
  • Security Briefing
  • Gulf Briefing
  • Israel Briefing
  • Palestine Briefing
  • Turkey Briefing
  • Iraq Briefing

Premium Membership

Join the Middle East's most notable experts for premium memos, trend reports, live video Q&A, and intimate in-person events, each detailing exclusive insights on business and geopolitical trends shaping the region.

$25.00 / month
billed annually

Become Member Start with 1-week free trial
What's included:
Our Expertise AI-driven

Memos - premium analytical writing: actionable insights on markets and geopolitics.

Live Video Q&A - Hear from our top journalists and regional experts.

Special Events - Intimate in-person events with business & political VIPs.

Trend Reports - Deep dive analysis on market updates.

All premium Industry Newsletters - Monitor the Middle East's most important industries. Prioritize your target industries for weekly review:

  • Capital Markets & Private Equity
  • Venture Capital & Startups
  • Green Energy
  • Supply Chain
  • Sustainable Development
  • Leading Edge Technology
  • Oil & Gas
  • Real Estate & Construction
  • Banking

We also offer team plans. Please send an email to and we'll onboard your team.

Already a Member? Sign in

Start your PRO membership today.

Join the Middle East's top business and policy professionals to access exclusive PRO insights today.

Join Al-Monitor PRO Start with 1-week free trial