Faraday Future (FFIE.US) announced the signing of a joint investment agreement with Master Investment Group, owned by Sheikh Abdulla Al Qassimi, a member of the royal family of Ras Al Khaimah, United Arab Emirates and Deputy Director of Customs. They will establish the Faraday Future Ras Al Khaimah headquarters in the UAE, marking the entry of Faraday Future's Middle East strategy into the operational phase. Master Investment Group plans to start construction work in Ras Al Khaimah by the end of this year, while Faraday Future is expected to move in by the end of 2025 to early 2026.

Faraday Future's global CEO Matthias Aydt signed an agreement, ordering the 0.108 million square foot facility being constructed by Master Investment Group, which will become the company's operational hub in the Middle East.