His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, held high-level discussions with Wang Chuanfu, Chairman, CEO, and Co-Founder of BYD, as Dubai continues to strengthen its position as a regional hub for sustainable mobility and advanced manufacturing.
The meeting focused on potential avenues for cooperation in electric and hybrid vehicle development, clean transportation infrastructure, and future mobility solutions. The discussions reflect the UAE’s broader strategy to attract global industry leaders aligned with its Net Zero by 2050 ambitions and its drive to accelerate the transition toward a low-carbon economy.
Sheikh Maktoum highlighted Dubai’s commitment to building long-term partnerships with companies at the forefront of innovation, particularly those advancing next-generation technologies that support economic diversification and sustainable growth. The dialogue also underscored the emirate’s competitive business environment, progressive regulatory framework, and investor-friendly ecosystem—key factors that continue to draw global automotive and mobility players seeking expansion across the Middle East and beyond.
Participants explored how Dubai’s growing role as an international centre for innovation and investment aligns with the objectives of the Dubai Economic Agenda D33, which aims to position the city among the world’s top three urban economies by 2033. Opportunities linked to smart transport systems, electric vehicle adoption, and integrated energy solutions were central to the discussions.
Founded in 1994 and headquartered in Shenzhen, BYD has emerged as one of the world’s leading manufacturers of electric and hybrid vehicles, with operations spanning automotive, renewable energy, electronics, and rail transit. In 2024, the company reported revenues exceeding RMB 700 billion, reflecting its rapid global expansion. As of April 2025, BYD’s new energy vehicles are present in over 100 countries and regions, underscoring its growing international footprint.
The meeting was attended by senior UAE officials and business leaders, including ministers responsible for finance, artificial intelligence, transport, energy, and economic development, alongside executives from leading financial and industrial groups. Their presence highlighted the strategic importance of fostering cross-sector collaboration to support Dubai’s vision for sustainable, innovation-led growth.
