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.
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.
