Beam Global (NASDAQ: BEEM) is seeing an increased momentum after a worldwide growth project. BEEM stock was up 24.35%, trading at $2.55 as of the most recent check today.
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The growing trend comes after a formal signing ceremony in Abu Dhabi, United Arab Emirates, announced the creation of Beam Middle East LLC, a strategic joint venture between Beam Global, its European business, and the Platinum Group LLC.
New Entity to Champion Clean Infrastructure
The newly formed Beam Middle East LLC will operate out of Omniah Tower in Masdar City—a globally recognized hub for sustainability and innovation. BEEM will lead the Middle East and Africa’s sales and production of Beam Global’s patented solutions for energy security, energy storage, transportation electrification, and smart city infrastructure. With its reputation for ecological innovation, Masdar City supports the United Arab Emirates’ goal of having net-zero carbon emissions by 2050.
High-profile Abu Dhabi signing ceremony
Notable dignitaries and important stakeholders from both corporations attended the official signing, which took place in Abu Dhabi. Beam Global CEO Desmond Wheatley signed the agreement on behalf of the U.S.-based clean technology firm, while Dr. Hanai Atatreh, Group Director, represented the Platinum Group.
Also present was Dr. Ali Nasser Sultan Al Yahbouni Al Daheri, CEO of Platinum Group, along with members from both companies’ executive teams, board members, and regional media.
Strategic Cooperation for Regional Development
Beam Global is taking a significant stride with this endeavor as it enters one of the most promising areas for sustainable technology globally. An suitable setting for Beam’s portfolio is provided by the Gulf region’s abundant solar resources, rising EV usage, and aggressive energy policies.
The potential of this collaboration is further strengthened by the Platinum Group’s strategic investments in cutting-edge technology. With governments around the area placing a high priority on energy resilience and smart cities, Beam Middle East is well-positioned to take the lead in defining the sustainable future of the region.
