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ALJ & Joby Aviation To Bring Electric Air Taxis To Saudi Arabia
The partnership will explore introducing up to 200 electric aircraft to the Kingdom, revolutionizing urban mobility, and supporting Vision 2030 goals.
Abdul Latif Jameel, a renowned 80-year-old multi-sector business group, and Joby Aviation, a leader in electric vertical take-off and landing (eVTOL) aircraft, have signed a Memorandum of Understanding (MoU) to jointly introduce and distribute electric air taxis in Saudi Arabia. The partnership aligns closely with the renewed economic collaboration between the U.S. and the KSA, emphasizing shared innovation and sustainable transportation.
The initial phase of the project could see the delivery of up to 200 Joby electric aircraft and related services, with a value of approximately $1 billion, over the coming years. The long-term vision extends beyond Saudi Arabia, with both companies recognizing broader potential for regional expansion across the Middle East.
This agreement builds upon an existing relationship, as the Jameel family previously invested in Joby’s Series C funding round, which was led by Toyota Motor Corporation in 2020. The collaboration reflects both companies’ mutual commitment to sustainable, efficient, and affordable air travel, as well as enhancing passenger experiences, and significantly reducing environmental impact.
Joby Aviation’s electric air taxi, capable of transporting four passengers at speeds up to 200 mph, operates with zero emissions and substantially less noise than traditional helicopters. The aircraft is expected to commence commercial passenger operations in Dubai in 2026.
JoeBen Bevirt, Founder and CEO of Joby Aviation, highlighted the significance of the partnership: “This collaboration is about bringing America’s leadership in electric air mobility to the world. Together with Abdul Latif Jameel, we’re not just imagining a cleaner, safer, more efficient future — we’re building it. And there is no better partner to help unlock the extraordinary opportunity for air travel in the region”.
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Hassan Jameel, Vice Chairman of Abdul Latif Jameel, emphasized Saudi Arabia’s strategic shift towards modern mobility solutions: “Saudi Arabia is transitioning toward a new era of mobility — on-demand, shared, connected, and sustainable. eVTOL is an exciting and important component of this transformation. We look forward to collaborating with Joby to advance the Kingdom’s mobility sector”.
In addition to distribution and sales collaborations, the partnership will also explore launching local air taxi services, developing essential maintenance and repair infrastructure (MRO), and establishing pilot training facilities. These initiatives directly support Saudi Arabia’s Vision 2030 by fostering economic growth, innovation, and employment opportunities for Saudi nationals.
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NEOPAY Wants To Follow Merchants Across Channels And Borders
A controlling 65% stake in noon payments would give NEOPAY access to marketplace sellers, online merchants and the payment flows they generate.
It’s been a long time since checkouts were single defined places. A merchant might take payments at a physical register, on its own website and through an online marketplace, sometimes in more than one country. NEOPAY wants to follow those transactions wherever they happen.
The UAE payments company has entered into an agreement to acquire a 65% controlling stake in noon payments. NEOPAY already runs the acquiring infrastructure that lets merchants accept card payments, along with omnichannel acceptance and a merchant services platform. This new deal would add noon payments’ embedded payments platform, e-commerce gateway and merchant network across the UAE, Saudi Arabia and Egypt. That would considerably expand both NEOPAY’s digital commerce capabilities and its regional reach.
For merchants, the attraction is a single provider for online and in-store payments, plus faster settlements, data and analytics, and value-added financial services.
“Payments should be simple, reliable, and built for the markets they serve,” said Faraz Khalid, CEO of noon. His counterpart at NEOPAY, Vibhor Mundhada, added: “We have built a strong payments business in the UAE, and our ambition is now to take that capability across the region”. The acquisition, Mundhada added, would “expand our footprint into Saudi Arabia and Egypt” while reinforcing NEOPAY’s position at home.
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NEOPAY is also keen to point out potential payment volume increases. The company says noon payments’ integrations with marketplace sellers and online merchants create high transaction density in some of the region’s fastest-growing digital commerce segments. It also believes control of the business would give it access to those merchant relationships and payment flows, and speed up the rollout of alternative payment methods and installment options.
The combined roadmap targets faster merchant onboarding, better payment performance, tighter fraud controls and embedded financial services. The deal could also strengthen cross-border payments and settlement along key regional commerce corridors.
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