Faraday Future, a California-based leader in the shared intelligent electric mobility ecosystem, has announced a co-investment agreement with Master Investment Group, owned by Sheikh Abdulla Al Qassimi, a member of the Ras Al Khaimah royal family and Deputy Chairman of Customs. This collaboration focuses on the development of the company’s future headquarters in Ras Al Khaimah, a key region within the United Arab Emirates (UAE). This marks a significant milestone in Faraday Future’s operational growth, following the launch of its Middle East Strategy last November, and will support its operational and sales activities across the UAE.
Master Investment Group plans to begin construction by the end of the year, with Faraday Future aiming to move into the new facilities by late 2025 or early 2026. Tin Mok, Head of FF UAE and representative of Faraday Future Middle East FZ-LLC, has signed a lease agreement with Ras Al Khaimah Economic Zone (RAKEZ) for office space and an engineering workshop. Additionally, Matthias Aydt, global CEO of Faraday Future, signed a reservation agreement with RAKEZ for a 108,000-square-foot facility currently under construction, which will serve as the company’s future operational hub.
Ras Al Khaimah, the northernmost of the seven emirates of the UAE, is an economic hub for industries ranging from manufacturing to tourism. Its strategic location at the crossroads of Europe, Asia, and Africa makes it an ideal site for Faraday Future’s expansion.
We are actively executing our strategy to establish a presence in Ras Al Khaimah and appreciate the warm welcome we’ve received,” said Matthias Aydt. “Ras Al Khaimah, as a major center for industry, is the perfect location to establish our operations and introduce our intelligent electric vehicle technology.
Sheikh Abdullah Al Qassimi, CEO of Master Investment Group, added, “I’m excited to sign this agreement with Faraday Future, enabling them to continue their start-up operations in a growing, attractive location within the UAE. This partnership reflects both my commitment to Faraday Future and the UAE’s commitment to attracting innovative EV and technology-driven companies to the region.
