AW Rostamani completed the investment in smart.

AW Rostamani, a automotive distributor in the United Arab Emirates, completed the investment in smart, a new-premium intelligent all-electric auto brand. Financial terms were not disclosed. “In smart’s new era of global operations, partnerships with industry leaders accelerate our global development strategy and help us establish wider coverage for the brand worldwide. We are excited to collaborate with AW Rostamani Group to grow our business coverage in the UAE and look forward to presenting customers with a premium, intelligent, all-electric urban mobility experience with unique brand characteristics,” Xiangbei Tong, smart Global CEO.