The Ministry of Investment has celebrated the signing of an agreement for a joint venture to establish “Telos Power Middle East and North Africa,” a new company focused on manufacturing electric vehicle infrastructure, with its operational base in the UAE.
The ministry played a crucial role in facilitating this foundational investment, reaffirming its commitment to attracting forward-looking investments to the country, supporting the growth of family-owned businesses in local markets, and enhancing the UAE’s position as a regional hub for advanced industries and sustainable technologies—key sectors within the national investment strategy.
The Ministry was involved from the inception through to the finalization of the deal, which included presenting the investment opportunity, conducting due diligence on potential partners, and effectively supporting the negotiations for the joint venture.
Additionally, the ministry provided strategic investment guidance and was instrumental in connecting relevant stakeholders with government entities and associated free zones to ensure the smooth and effective establishment of the project.
The agreement was signed at the Ministry of Investment’s headquarters, attended by Mike Kalas, CEO of Telos Power Group, and Marius Siavola, CEO of Sing Family Enterprises in the Middle East.
Present at the signing ceremony were Hessa Al Ghurair, Acting Assistant Undersecretary at the Ministry of Investment; Hamdan Zakariya Dawla, Head of the Chinese Innovation Center in the UAE; Bastian Jiansong Li, Co-Founder of Telos Power; and Mohammed Bin Hindi, CEO of Bin Hindi Holding.
The new entity includes Bin Hindi Holding, an Emirati investment company focused on enhancing national capabilities in energy mobility and industrial innovation; Sing Family Enterprises, a diversified family business group based in China; and Telos Power, a manufacturer of electric vehicle infrastructure headquartered in California, offering services in the USA, Europe, India, China, South America, and the GCC countries.
This joint venture aims to boost domestic manufacturing of electric vehicle charging solutions in the UAE, contributing to the rising regional demand for these vehicles and accelerating the adoption of bi-directional charging technologies across GCC states.
Mohammed Abdul Rahman Al-Hawari, Undersecretary of the Ministry of Investment, stated that this agreement represents the ministry’s ongoing commitment as a strategic partner to both international and local investors and family-owned enterprises. It aligns with its mission to solidify the UAE’s standing and enhance its capability to attract investments that align with future trends and national priorities. He emphasized that by supporting such partnerships, the ministry continues to attract high-value investments into key growth sectors, encouraging innovation and fostering sustainable economic prosperity.
Mike Kalas, CEO of Telos Power Group, remarked that joining this strategic alliance is a significant step towards the group’s efforts to expand its global presence. He highlighted the pivotal role the UAE plays as a leading center for clean technology and smart mobility, which will enable Telos Power to meet the increasing demand for electric vehicle infrastructure in the Gulf Cooperation Council region.
Meanwhile, Marius Siavola, CEO of Sing Family Enterprises in the Middle East, expressed that through this partnership, the group aims to position the UAE as a center of excellence in electric vehicle charging—producing the latest chargers locally while also exporting them to global markets.
Mohammed Bin Hindi, CEO of Bin Hindi Holding, noted that this partnership embodies the company’s long-term vision for investing in industrial transformation.
This agreement supports the goals of the national investment strategy aimed at enhancing foreign direct investment across priority sectors such as renewable energy and advanced manufacturing. It also aligns with the UAE’s national electric vehicle policy, aiming to increase the usage of electric vehicles to 50% by 2050.