Faraday Future Intelligent Electric Inc., a California-based electric mobility ecosystem company, has announced its entry into the Middle East market with the signing of strategic cooperation agreements with Master Investment Group and Siraj Holding LLC, and the launch of the FF brand. FF also announced plans to launch a limited-edition model, the FF 91 2.0 Futurist aiFalcon, tailored to the Middle East market, with delivery targeted in 2024.
As part of the strategic cooperation agreement, Sheikh Abdullah bin Mohamed Al Qassimi, CEO of Master Investment Group, and the Siraj Holding LLC Chairman Mr. Ahmed Khalaf Ahmed Khalaf Otaiba will join Faraday Future’s Global Advisory Board as well as become board directors of FF Middle East.
They will support Faraday Future’s Middle East business operations, including business developments, sales and marketing, strategic financing and partnerships and more.
Matthias Aydt, Global CEO of FF, says: “We are delighted to form this strategic cooperation with Master Investment Group and Siraj Holding LLC, which will open the door to our global expansion in the Middle East market. FF continues to make tremendous progress with our operations. The team’s collective expertise and passion underscores our readiness to enter markets like the Middle East. We look forward to this being our first of many future events and collaborations around the globe.”
“Partnering with Faraday Future represents a significant stride towards advancing sustainable mobility and embracing cutting-edge AI technology. Together we aspire to spearhead regional development and foster economic growth, positioning the UAE as a global leader in shaping a cleaner, technology-driven future. We look forward to this partnership and are confident in Faraday Future’s bright outlook in the region,” adds Sheikh Abdullah bin Mohamed Al Qassimi.
In 2023 FF made great strides by delivering vehicles, generating revenue, and increasing production volume at its manufacturing facility in Central California.
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