UAE firm teams up with Morand Holdings

Inayat-ur-Rahman, Business Editor

The UAE’s Concord Alliance Investment (CAI) has signed a strategic partnership with the Swiss engineering company Morand Holdings FA.  The partnership is expected to revolutionise the sustainable mobility not only in the UAE but also across the Mena region.

The deal was signed between Esmeralda Shkjau, who is the CEO of CAI and Benoit Morand, founder of the Morand Holding in the presence of Gladys Morand, wife of Benoit and a share-holder of Morand Holding;  Abdul Rahman Falaknaz, Chairperson of Concord Alliance Investment.

In line with the vision of the UAE’s wise leadership to curtail the carbon footprint, the deal will see a big reduction in the CO2 emission. In an era where the primary focus of all the countries is to protect our environment with use of renewable energy, CESA eTechnology can play a major role to achieve desired goals in the region.

Esmeralda Shkjau said: “I am proud to be the wife of an Emirati husband and a mother of an Emirati child. Esmeralda added that she is upbeat with the prospect of the new partnership, which can potentially mark the beginning of a new era in the area of sustainable mobility.

CESA is a novel technology start-up that builds upon the rich Swiss history of engineering, innovation, and manufacturing. Its innovations include durable, ultra-fast rechargeable battery packs and an advanced hybrid energy recovery system.

“I am very happy to bring this technology to the UAE, a country which provides ample of opportunities to everyone,” said Esmeralda.

“We are so happy to be working in line with the vision of the leadership of the UAE. Our leaders have taken a big stride towards the future for the protection of the climate by organising the COP28, which is a huge success.” She concluded.

“I am really proud to be representing my country. It is great honour to sign a partnership with Concord Alliance Investment. I am hopeful of achieving the unprecedented success with this technology,” said Benoit.