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Press Release: ADM Group Spearheads Electric Vehicle Revolution in Pakistan: CEO Yasir Bhambhani Signs Agreement for $90 Million Investment in Pakistan.
Dated: 16 Sep 2024
" We are excited to lead the way in transforming Pakistan's transportation sector. Our dedication to sustainability and innovation motivates us to invest in initiatives that not only bolster the economy but also prioritize environmental conservation for the generations to come. The Flash Charging Network stands as a prime illustration of this commitment.” - Mr. Yasir Bhambhani, CEO, ADM Group.
At the recent agreement signing ceremony organized by the Punjab Board of Investment and Trade, key stakeholders shared their insights on this groundbreaking initiative.
In a monumental move towards sustainable transportation innovation in Pakistan, Mr. Yasir Bhambhani, the Chief Executive Officer of ADM Group, has pledged a transformative $90 million investment in the establishment of a cutting-edge Electric Vehicle (EV) Charging Station Network across the nation. In the second phase of the project, a further investment of $250 million will be allocated towards the establishment of assembling and manufacturing facilities for electric vehicles.
Dated: 15 Aug 2024
Press Release: ADM Group Plays Key Role in Drafting EV Infrastructure Policy with NEECA.
Dated: 20 Aug 2024
Federal Minister for Power, Awais Ahmad Khan Leghari has highlighted the government's dedication to advancing EV infrastructure by considering offering affordable electricity to charging stations. This initiative aligns with ADM Group's significant investment of $90 million, led by Mr. Yasir Bhambhani, to establish EV infrastructure in the country. Additionally, a policy is being drafted to regulate the EV sector, demonstrating proactive steps towards sustainable transportation.
In a pivotal collaboration, ADM Group has played a significant role in the drafting of the Electric Vehicle (EV) infrastructure policy in conjunction with the National Energy Efficiency and Conservation Authority (NEECA) under the Ministry of Energy. As a major stakeholder in the EV industry, ADM Group's proactive involvement underscores its commitment to shaping sustainable transportation initiatives in the country. This partnership signals a collective effort towards fostering an environment conducive to the growth and regulation of electric vehicles, aligning with broader energy efficiency and conservation objectives.
ADM Group in to EV Manufacturing
Dated: 15 Aug 2024
Embodying a spirit of action and determination, Mr. Yasir Bhambhani, the driving force behind ADM Group, is recognized as a proactive leader who follows through on his commitments. Under his guidance, ADM Group is making significant strides in the dynamic electric vehicle (EV) market.
With Mr. Yasir Bhambhani at the helm, ADM Group is set to diversify into the EV sector with a bold investment of $250 million in Pakistan.
This investment will fuel the establishment of a cutting-edge mega factory dedicated to manufacturing and assembling EVs, contributing to the region's sustainable transportation landscape.
In a market characterized by rapid growth, Mr. Bhambhani's reputation as a doer who completes what he starts underscores ADM Group's dedication to realizing impactful initiatives and driving innovation in the EV industry.
The collaboration with international partners and the visionary approach to sustainability positions ADM Group as a key player in the evolving EV market landscape.
Dated: 15 Aug 2024
The ADM Group to Explore the Potential for Electric Vehicles Charging Stations in Pakistan
Dated: 9 Nov 2023
Shanghai: The ADM Group signed a Memorandum of Understanding (MoU) to expand the nation's electric vehicle charging infrastructure, actively supporting the government's goal of encouraging the use of electric vehicles.
The ADM Group will oversee the operations, develop the site and install the electric vehicle charging equipment throughout the course of the following three to five years.
Recently, the Government of Pakistan adopted a program to encourage the utilization of battery-powered vehicles as a greener method of transportation in Pakistan. The Government wants thirty percent of new cars sold in Pakistan by 2030 to be environmentally friendly. The ADM Group joined forces to support the objective and policy.
Speaking with local media agency, Mr. Yasir Bhambhani, CEO of the ADM Group stated that; “EVs are being promoted on numerous fronts, including through new federal and provincial policies and by public commitments from automakers to convert their fleets to EVs.
However, there are still some fundamental issues that could affect the widespread adoption of EVs, including an absence of EV infrastructure in Pakistan.”
Responding to another question, He stated that; “Electric vehicles have long heralded as a potential savior from climate change, a cleaner way to commute around major cities, and an effective solution to weaning humanity off of fossil fuels.”
As climate concerns and a sharp focus on cleaner transportation continue to garner significant worldwide attention, ADM Group expand, grow, and ship in an attempt to address climate change and the growing global emphasis on cleaner transportation.
ADM Group and Dusit Hotels and Resorts PLC in 2023
In a strategic move towards expanding its hospitality portfolio, ADM Group has reached a significant agreement with Dusit Hotels and Resorts PLC to jointly develop a Five-Star Resort in Chongzhou, China. This collaborative effort will see the esteemed Thai Hotel Group, Dusit Hotels and Resorts, managing operations at the resort.
The partnership between ADM Group and Dusit Hotels and Resorts PLC marks a milestone in the hospitality industry, promising a luxurious and culturally immersive experience for guests. The envisioned Five-Star Resort is set to redefine hospitality standards in Chongzhou, China, delivering exceptional service and amenities. Resort to set to be operational in 2028.
ADM Group and IHG Hotels and Resorts
In a testament to proactive action, ADM Group, under the leadership of the dynamic Mr. Yasir Bhambhani, has signed a Letter of Intent (LOI) in 2022 to collaborate on the development of a Five-Star Resort in QingBaiJiang, Chengdu. This strategic partnership involves a renowned US-based luxury hotel group, Intercontinental Hotels and Resorts Group, culminating in an anticipated operational launch in 2027, complete with comprehensive amenities.
Mr. Yasir Bhambhani's commitment to tangible results over mere promises underscores ADM Group's ethos of decisive progress and impactful ventures in the hospitality sector.
Dated: 23 JAN 2021
Press Release - Five-Star Hotels Expansion
During the Annual General Meeting held in January 2021, under the leadership of the newly appointed CEO, Mr. Yasir Bhambhani, ADM Group has unanimously passed a resolution to diversify its portfolio into the hotels and aerospace industries in China.
The Group is poised to embark on its inaugural flagship five-star hotel project in Chengdu, China, with project commencement scheduled to before the culmination of 2022. Chengdu, recognized as one of the fastest-growing cities in China, showcases tremendous growth potential and economic stability.
Over the next five years, Chengdu is poised to emerge as the focal point of the "One Belt One Road Initiative" in South China, underscoring its strategic significance and positioning within the regional landscape.
Dated: 20 Jan 2021
Press Release: Announcement of Mr. Yasir Bhambhani as Newly Appointed CEO of ADM Group
ADM Group, a longstanding entity that has operated discreetly within limited circles, is proud to announce the appointment of Mr. Yasir Bhambhani as its new Chief Executive Officer. This appointment marks a significant turning point for the company, ushering in a new era of growth and visibility.
In assuming his role, Mr. Yasir Bhambhani expressed a deep commitment to sharing the rich history of ADM Group, dating back to its inception in 1980 when his father, Mr. AD Bhambhani, laid the foundation of the company in Saudi Arabia. Under his leadership, ADM Group has flourished, quietly making significant strides and contributions within its industry.
Mr. Yasir Bhambhani's vision for ADM Group extends beyond its current boundaries. He is dedicated to unveiling the legacy and achievements of the company to the world, showcasing its evolution, values, and the impactful journey it has undertaken over the years.
In his motivational comments, Mr. Yasir Bhambhani stated, "It is an honor to lead ADM Group into this new chapter. Our history is a testament to the dedication and hard work of those who have been part of this journey since its inception. I am committed to sharing our story with the world, highlighting our values, achievements, and the legacy we carry forward from my father's vision."
With Mr. Yasir Bhambhani at the helm, ADM Group looks forward to a future of expansion, innovation, and increased global presence, building on its strong foundation and the values instilled by its founder.
Dated: 20 Jan 2021
Press Release: ADM Group Appoints New Chief Executive Officer
ADM Group is excited to announce the appointment of Mr. Yasir Bhambhani as Chief Executive Officer for ADM. With full responsibility for the leadership and development of ADM Group, Mr. Yasir will play a key role in meeting the Group's growth goals on becoming the leading company in EV Manufacturing, EV Charging Infrastructure in Pakistan, hospitality sector in China, EDM carbide rod manufacturing, financial consultancy services, Construction, Investment in real estate and in travel services. Yasir will also be instrumental in building on the Group's outstanding reputation to professionals and clients. With over 13 years of professional experience, Mr. Yasir Bhambhani brings with his a strong skill-set and an excellent reputation for relationship building, high performance and team leadership. Commenting on the appointment, ADM Group Founder and Ex. CEO, AD Bhambhani stated: “I am delighted that Mr. Yasir Bhambhani will be joining us as Chief Executive Officer. Mr. Yasir’s incredibly strong knowledge and experience will be vital as we continue our ADM Group plans to grow and develop. As our business continues to grow and as we expand the range of services and products we offer to clients, we will be investing in our employees to reflect our ambition”. Mr. Yasir Bhambhani added, “I am honoured to have been given the opportunity to lead a strong team of people who are market specialists for professional services and for ADM Group to focus on becoming the leading supplier to truly dominate the market, help to develop new strategies and gain trust of our investors.”