Construction has started on a AED370 million ($100 million) automotive manufacturing hub being built by W Motors in Dubai Silicon Oasis. Sheikh Ahmed bin Saeed Al Maktoum, chairman of Dubai Silicon Oasis Authority (DSOA), on Monday laid the foundation stone for the W Motors Automotive Facility.

W Motors is an Arab-Lebanese hypercar company founded in 2012, being the first developer of high-performance luxury sports cars in the Middle East.

Sheikh Ahmed said: “As Dubai continues to consolidate its position as an international testing ground for state-of-the-art technology, it is attracting foreign direct investments, international tech companies, promising start-ups, and innovative entrepreneurs from around the globe.”

Spread over an area of 120,000 sq ft, the first phase of the project is set to be completed later this year. Production of all W Motors vehicles will move to this location including the limited series Fenyr SuperSport, upcoming new vehicles,  electric and autonomous models, as well as all vehicles under the company’s Special Projects Division.

Phase one will be divided into three blocks including the manufacturing division will comprise a workshop, assembly area, and a “concept and prototype” manufacturing zone.

Sheikh Ahmed said: “As Dubai continues to consolidate its position as an international testing ground for state-of-the-art technology, it is attracting foreign direct investments, international tech companies, promising start-ups, and innovative entrepreneurs from around the globe.”

Spread over an area of 120,000 sq ft, the first phase of the project is set to be completed later this year. Production of all W Motors vehicles will move to this location including the limited series Fenyr SuperSport, upcoming new vehicles,  electric and autonomous models, as well as all vehicles under the company’s Special Projects Division.

Phase one will be divided into three blocks including the manufacturing division will comprise a workshop, assembly area, and a “concept and prototype” manufacturing zone.

Phase two of the project will be the W Motors Automotive Academy, developed in partnership with regional and international educational institutions.

The groundbreaking event was also attended by Ralph R Debbas, W Motors founder and CEO who said: “Today is a momentous day for W Motors, and takes us a big step closer to vastly developing the automotive industry within the region – and specifically aligning with Dubai’s vision of becoming a global leader in innovation. We have worked closely with the Dubai Silicon Oasis Authority to bring our Production Facilty to life; now the countdown to opening our doors is on.”

W Motors recently announced that it has become the first private company to deposit its shares in Nasdaq Dubai’s Central Securities Depository which enhances its links to investors and can be a step on the route towards a variety of financing solutions.