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0 0.00386454183266934 0 -0.00398406374502001 -0.0398007968127491 -0.0557768924302789 -0.0551394422310756 -0.135458167330677
Stock impact report

Revving Up In The Middle East: Faraday's New UAE Headquarters Solidifies EV Expansion Strategy [Yahoo! Finance]

Faraday Future Intelligent Electric Inc. - Class A (FFIE) 
Company Research Source: Yahoo! Finance
On Thursday, the company disclosed a co-investment agreement with Master Investment Group, led by Sheikh Abdulla Al Qassimi, a member of the Ras Al Khaimah royal family and Deputy Chairman of Customs This partnership strengthens Faraday Future's position in the shared intelligent electric mobility ecosystem. The collaboration with Master Investment Group will support Faraday Future's new headquarters in Ras Al Khaimah, UAE. This marks a key step in Faraday's Middle East Strategy, launched last November, enhancing its operational and sales presence in the UAE. Master Investment Group plans to start construction by year-end, with occupancy targeted for late 2025 or early 2026. Tin Mok, Head of FF UAE, signed a lease with Ras Al Khaimah Economic Zone (RAKEZ) for Faraday Future's office and engineering workshop. Additionally, global CEO Matthias Aydt secured a 108,000-square-foot facility reservation with RAKEZ, intended as an operational hub once construction is complete. R Show less Read more
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