Beam Global and the Platinum Group will form a new entity, Beam Middle East LLC, which will sell and manufacture Beam Global’s patented sustainable infrastructure solutions for transportation electrification, energy storage, energy security, and smart city development across the Middle East and African regions.
Beam Middle East will be headquartered in Omniah Tower in Masdar City, a pioneering sustainable urban community and world-class business and technology hub, where Platinum Group has recently signed a strategic agreement. Masdar City is located in Abu Dhabi, the capital of the UAE, strategically positioned at the centre of the country’s drive toward a net-zero future by 2050.
“This special occasion marks the formal commencement of our joint venture with the Platinum Group in this very promising region” said Desmond Wheatley, CEO of Beam Global. “The high quality of the surroundings and attendees bodes well for our future here. We have the right products at the right time in the right place and our new company, formed with the Platinum Group, could not be better positioned. This is a proud day for Beam Global, and I am delighted that we are partnered with such esteemed personages as those in the Platinum Group.”
The signing ceremony took place yesterday (17th July) in Abu Dhabi. Desmond Wheatley, CEO of Beam Global, signed the agreement on behalf of Beam Global, and Dr. Hanai Atatreh, Group Director, signed on behalf of Platinum Group, in the presence of Dr. Ali Nasser Sultan Al Yahbouni Al Daheri, CEO of Platinum Group.
Also in attendance were members of Beam Global’s management and board of directors, Platinum Group’s board of directors, members of the press, and regional dignitaries.
“The Platinum Group seeks out the highest quality, most timely and relevant companies in each of the industries we target” said Dr. Ali Nasser Sultan Al Yahbouni Al Daheri, CEO of Platinum Group. “Beam Global’s unique and patented products are ideally suited to provide value to governments and businesses, as the Gulf region and beyond transitions to clean and sustainable technologies. We are looking forward to ensuring that our new joint venture with Beam Global, forming Beam Middle East, is a highly successful enterprise with wins in the Middle East and increasingly in Africa. With abundant sunshine and fast-growing adoption of electric vehicles (EVs), renewables, and energy storage, the region is perfect for Beam Global’s solutions.”
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