UAE’s Crown Electric Ships And Boats is planning to establish a Dubai-based manufacturing facility to produce all-electric boats and yachts, according to a company statement. The company has already secured an initial investment agreement worth USD 10 mn with Kuwait’s Badr Sultan group for the supply of a variety of zero-emissions ships, including cabin cruisers and larger electric catamarans. The electric vessels would be earmarked for the MENA market.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

• Some 61% of UAE residents practice sustainable tourism and are prepared to pay higher fares for environmentally friendly travel, preceded only by Indians with 68%. (YouGov)