Beam Global and Platinum Group Leadership Attend Formal Signing Ceremony in Abu Dhabi to Create Beam Middle East LLC
Beam Global (Nasdaq: BEEM) has officially established Beam Middle East LLC through a joint venture with Platinum Group LLC in Abu Dhabi, UAE. The new entity will manufacture and sell Beam Global's patented sustainable infrastructure solutions across the Middle East and African regions.
Beam Middle East will be headquartered in Omniah Tower in Masdar City, a sustainable urban community and technology hub. The signing ceremony was attended by key executives including Desmond Wheatley, CEO of Beam Global, and Dr. Ali Nasser Sultan Al Yahbouni Al Daheri, CEO of Platinum Group.
The joint venture aims to provide solutions for transportation electrification, energy storage, energy security, and smart city development, aligning with UAE's goal of achieving net-zero emissions by 2050.
Beam Global (Nasdaq: BEEM) ha ufficialmente costituito Beam Middle East LLC tramite una joint venture con Platinum Group LLC ad Abu Dhabi, Emirati Arabi Uniti. La nuova società si occuperà della produzione e vendita delle soluzioni brevettate di infrastrutture sostenibili di Beam Global nelle regioni del Medio Oriente e dell'Africa.
Beam Middle East avrà sede nella Omniah Tower a Masdar City, una comunità urbana sostenibile e centro tecnologico. Alla cerimonia di firma hanno partecipato dirigenti chiave, tra cui Desmond Wheatley, CEO di Beam Global, e Dr. Ali Nasser Sultan Al Yahbouni Al Daheri, CEO di Platinum Group.
La joint venture si propone di offrire soluzioni per l'elettrificazione dei trasporti, lo stoccaggio energetico, la sicurezza energetica e lo sviluppo delle città intelligenti, in linea con l'obiettivo degli Emirati Arabi Uniti di raggiungere zero emissioni nette entro il 2050.
Beam Global (Nasdaq: BEEM) ha establecido oficialmente Beam Middle East LLC mediante una empresa conjunta con Platinum Group LLC en Abu Dhabi, Emiratos Árabes Unidos. La nueva entidad fabricará y venderá las soluciones de infraestructura sostenible patentadas de Beam Global en las regiones de Medio Oriente y África.
Beam Middle East tendrá su sede en la Omniah Tower en Masdar City, una comunidad urbana sostenible y centro tecnológico. A la ceremonia de firma asistieron ejecutivos clave, incluyendo a Desmond Wheatley, CEO de Beam Global, y Dr. Ali Nasser Sultan Al Yahbouni Al Daheri, CEO de Platinum Group.
La empresa conjunta tiene como objetivo proporcionar soluciones para la electrificación del transporte, almacenamiento de energía, seguridad energética y desarrollo de ciudades inteligentes, alineándose con la meta de los EAU de alcanzar emisiones netas cero para 2050.
Beam Global (나스닥: BEEM)은 아부다비, 아랍에미리트에서 Platinum Group LLC와의 합작투자를 통해 Beam Middle East LLC를 공식 설립했습니다. 이 신규 법인은 중동 및 아프리카 지역에서 Beam Global의 특허받은 지속 가능한 인프라 솔루션을 제조 및 판매할 예정입니다.
Beam Middle East의 본사는 지속 가능한 도시 공동체이자 기술 허브인 마스다르 시티의 Omniah Tower에 위치합니다. 서명식에는 Beam Global의 CEO 데스몬드 휘틀리와 Platinum Group의 CEO Dr. Ali Nasser Sultan Al Yahbouni Al Daheri 등 주요 경영진이 참석했습니다.
이번 합작투자는 교통 전기화, 에너지 저장, 에너지 안보, 스마트 시티 개발을 위한 솔루션을 제공하는 것을 목표로 하며, 2050년까지 순배출 제로를 달성하려는 UAE의 목표와 부합합니다.
Beam Global (Nasdaq : BEEM) a officiellement créé Beam Middle East LLC via une coentreprise avec Platinum Group LLC à Abu Dhabi, Émirats arabes unis. Cette nouvelle entité fabriquera et commercialisera les solutions d'infrastructures durables brevetées par Beam Global dans les régions du Moyen-Orient et d'Afrique.
Le siège de Beam Middle East sera situé dans la Omniah Tower à Masdar City, une communauté urbaine durable et un centre technologique. La cérémonie de signature a réuni des cadres clés, notamment Desmond Wheatley, PDG de Beam Global, et Dr Ali Nasser Sultan Al Yahbouni Al Daheri, PDG de Platinum Group.
La coentreprise vise à fournir des solutions pour l’électrification des transports, le stockage d’énergie, la sécurité énergétique et le développement des villes intelligentes, en accord avec l’objectif des Émirats arabes unis d’atteindre la neutralité carbone d’ici 2050.
Beam Global (Nasdaq: BEEM) hat offiziell Beam Middle East LLC gegründet, eine Joint Venture mit Platinum Group LLC in Abu Dhabi, VAE. Die neue Gesellschaft wird die patentierten nachhaltigen Infrastrukturlösungen von Beam Global im Nahen Osten und Afrika herstellen und vertreiben.
Der Hauptsitz von Beam Middle East wird im Omniah Tower in Masdar City sein, einer nachhaltigen urbanen Gemeinschaft und einem Technologiezentrum. An der Unterzeichnungszeremonie nahmen wichtige Führungskräfte teil, darunter Desmond Wheatley, CEO von Beam Global, und Dr. Ali Nasser Sultan Al Yahbouni Al Daheri, CEO von Platinum Group.
Das Joint Venture verfolgt das Ziel, Lösungen für die Elektrifizierung des Verkehrs, Energiespeicherung, Energiesicherheit und die Entwicklung intelligenter Städte anzubieten und unterstützt damit das Ziel der VAE, bis 2050 Netto-Null-Emissionen zu erreichen.
- Strategic expansion into Middle East and African markets through joint venture
- Partnership with established local player Platinum Group enhances market access
- Headquarters location in Masdar City aligns with UAE's sustainability initiatives
- Region offers abundant sunshine for solar-based solutions and growing EV adoption
- Manufacturing and sales operations yet to commence
- Success depends on regional market adoption and execution
Insights
Beam Global formalizes Middle East joint venture, strategically expanding into high-potential solar markets with strong local partnership.
Beam Global's official signing ceremony creating Beam Middle East marks a significant geographic expansion into the Middle East and African markets. This strategic joint venture with the Platinum Group establishes a regional headquarters in Masdar City, Abu Dhabi—a deliberate positioning in a sustainability-focused hub within a country committed to net-zero by 2050.
The partnership structure appears well-conceived: Beam contributes its patented sustainable infrastructure technology for transportation electrification and energy security, while Platinum Group likely provides regional expertise, connections, and market access—critical success factors for foreign companies entering the Gulf region.
The Middle East represents a particularly advantageous market for Beam's solar-powered solutions due to three key factors: abundant sunshine (optimal for solar efficiency), accelerating EV adoption creating charging infrastructure demand, and government-led sustainability initiatives. The UAE's strategic position as a regional business hub could serve as an effective launchpad for further expansion into neighboring markets.
The high-profile nature of the signing ceremony, attended by both companies' leadership and regional dignitaries, indicates strong institutional support. This level of formal ceremony and involvement of prominent figures is culturally significant in the region and suggests the partnership has secured important local backing.
By manufacturing locally in addition to sales, Beam positions itself to benefit from regional production efficiencies while potentially satisfying local content requirements that many Middle Eastern governments impose. The planned expansion into African markets represents a secondary growth opportunity with significant long-term potential in rapidly developing economies.
SAN DIEGO, July 17, 2025 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that management from Beam Global, Beam Europe and the Platinum Group LLC, performed the official signing ceremony creating Beam Middle East in the Emirate of Abu Dhabi, United Arab Emirates (UAE).
As previously reported, 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 center of the country’s drive toward a net-zero future by 2050.
The official signing ceremony took place today, July 17, 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.
“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 Platinum Group seeks out the highest quality, most timely and relevant companies in each of the industries we target. 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,” Dr. Ali Nasser Sultan Al Yahbouni Al Daheri, CEO of Platinum Group. “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. Energy security and smart cities solutions like those offered by Beam Middle East are at the forefront of government planning. Our timing is right, and our partnership is formed on mutual benefit from growth and success. We are delighted to have Beam Global as part of our growing family of businesses.”
Photographs and other content related to the signing ceremony will be released by the company shortly.
About Platinum Group LLC
Platinum Group UAE is a diversified, multi-billion-dollar conglomerate operating in energy, real estate, finance and investing, healthcare, information technology, sports and entertainment, food services and legal services in the Emirate of Abu Dhabi, United Arab Emirates. Chaired by His Royal Highness Sheikh Mohammed Sultan Bin Khalifa Al-Nahyan, son of the former ruler of Abu Dhabi, the Group is recognized for its well-established and trusted relationships across government and industry. Platinum Group UAE is headquartered in Abu Dhabi, with offices in Dubai and Sharjah. For more information visit, PlatinumGroupUAE.com.
About Beam Global
Beam Global is a clean technology innovator which develops and manufactures sustainable infrastructure products and technologies. We operate at the nexus of clean energy and transportation with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage and vital energy security. With operations in the U.S., Europe and the Middle East, Beam Global develops, patents, designs, engineers and manufactures unique and advanced clean technology solutions that power transportation, provide secure sources of electricity, save time and money and protect the environment. Beam Global is headquartered in San Diego, CA with facilities in Broadview, IL and Belgrade and Kraljevo, Serbia. Beam Global is listed on Nasdaq under the symbol BEEM. For more information visit, BeamForAll.com, LinkedIn, YouTube, Instagram and X.
Forward-Looking Statements
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