Bin Touq And Peec Mobility Officials Discuss Sustainable Transport Plans For UAE Market

Abdulla bin Touq Al Marri, the UAE's Minister of Economy, recently met with officials from Peec Mobility. The discussion focused on Peec's future plans in the UAE and their role in promoting sustainable transport and a circular economy. This meeting aligns with the Ministry's strategy to enhance dialogue with the private sector under its new economic engagement initiative.

During the meeting, Bin Touq emphasised that the UAE prioritises policies supporting a circular economy, guided by its leadership. The "UAE Circular Economy Policy 2031" is a key initiative recognising the private sector's role in achieving these goals. It aims to integrate sustainable practices across sectors like transport, manufacturing, food, and infrastructure to boost resilience against climate change.

The transformation of transportation systems into sustainable models is crucial for reducing fuel use and carbon emissions. Bin Touq stated, "The ongoing transformation of the country's transportation systems into more sustainable, eco-friendly models is a key aspect of our efforts to reduce fuel consumption and cut carbon emissions." The collaboration with Peec Mobility is vital for strengthening circular economy practices and exploring advancements in electric vehicles.

Ahmed Zachariah Faizal, CEO and Founder of Peec Mobility, expressed confidence in the UAE as an ideal environment for innovative ideas. He noted that the UAE’s focus on societal values aligns with Peec’s mission to electrify and repurpose vehicles. Faizal added, "We want to represent the power and value of circularity in a modern society through the shared transport vehicles of this country that we will repurpose."

The meeting also covered technologies for converting older gasoline cars to electric ones. This aligns with Peec's vision to support UAE initiatives aimed at reducing carbon emissions. The goal is to increase electric and hybrid vehicles to 50% of all vehicles by 2050. Additionally, Peec showcased its range of electric vehicles available locally at competitive prices.

Peec Mobility has been growing since its inception in 2020, backed by $12 million in investments. The company offers electric vehicle options for both individuals and businesses in the local market. This growth trajectory highlights their commitment to contributing significantly to sustainable transportation solutions within the UAE.

The meeting highlighted how Peec Mobility aims to inspire global transformation through its initiatives in the UAE. By focusing on repurposing shared transport vehicles, they hope other countries will adopt similar practices. The collaboration between Peec Mobility and the UAE government underscores a shared commitment to advancing sustainability goals.

With inputs from WAM