Revving Up In The Middle East: Faraday's New UAE Headquarters Solidifies EV Expansion Strategy

Faraday Future Intelligent Electric Inc. FFIE shares are trading higher premarket on Friday. 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.

Ras Al Khaimah, the northernmost of the UAE’s seven emirates, is a key economic hub, attracting major companies in sectors like manufacturing and tourism.

Its strategic location at the crossroads of Europe, Asia, and Africa makes it an ideal base for Faraday Future’s expansion plans.

Matthias Aydt, Global CEO of FF said, “As the important center for industry, Ras Al Khaimah is the ideal place for the establishment of our operations to bring the best intelligent electric vehicle product and technology. We are proud to be able to participate in the development.”

Sheikh Abdullah Al Qassimi, CEO of Master Investment Group, said, “This agreement signifies not only my commitment to FF but also the RAK and UAE’s commitment to attract new innovative EV and technology-leading companies to the region.”

Price Action: FFIE shares are up 25% at $2.51 premarket at the last check Friday.

Photo: Courtesy of Faraday Future Intelligent Electric, Inc.

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