News

NEOM And Volocopter Partner To Create World’s First Bespoke Public eVTOL Mobility System

These first eVTOL aircraft will connect NEOM’s core urban development, called the Line, with other regional destinations.

Published

5 years ago

December 10, 2021

David Morelo

Volocopter

The concept of electric vertical take-off and landing (eVTOL) aircraft should be familiar to all fans of sci-fi literature, movies, and video games.

Because of their ability to take off and land vertically, such aircraft are suited for operation in densely populated urban areas that would easily trap even small airplanes. Since eVTOL aircraft rely on electric propulsion, they generate much less noise pollution compared with traditional helicopters.

Now, Volocopter, a German eVTOL aircraft manufacturer based in Bruchsal has established a joint venture (JV) company with NEOM, a planned smart city in the Tabuk Province of northwestern Saudi Arabia that aims to realize a daring vision of what the future could be.

neom partnership with volocopter

The goal of the new company is to design, implement, and operate the world’s first bespoke public vertical mobility system in NEOM. Once operational, the system will provide air taxi and logistics services and integrate with the rest of NEOM’s multi-modal and zero-emissions public mobility system.

“We are incredibly excited and proud to partner with Volocopter to make vertical mobility a reality here at NEOM. Volocopter is internationally recognized for leading innovation in the eVTOL industry and is a perfect match for our ambitious goals to create the first truly sustainable, shared, and seamlessly integrated mobility system in the world” said Florian Lennert, Head of Mobility, NEOM.

The JV has so far ordered 10 VoloCity passenger and 5 VoloDrone logistics aircraft from Volocopter, and plans are already in place to scale up activities from the beginning of 2022.

These first eVTOL aircraft will connect NEOM’s core urban development, called the Line, with other regional destinations. The Line is supposed to be a 170 km long linear city without conventional cars, and it will be home to over 1 million citizens when finished.

News

Visa’s Return To Syria Starts With A Test And A Bank In Lebanon

Foreign visitors will be the first users to benefit, but whether Syria’s own banks and cardholders follow is still an open question.

Published

1 week ago

August 27, 2026

Dana Saadeh

visa's return to syria starts with a test and a bank in lebanon

Visa is returning to Syria. Its first live international card transaction in the country was a test rather than a launch, and the milestone event ran through a Lebanese bank.

The acquirer (the bank on the merchant’s side of a card payment) was Fransabank Lebanon, with Paymera as the other named partner. Nadim Moujaes, who heads a Fransabank Group subsidiary, describes the test as both the culmination of “longstanding efforts to link Syria back to international payment networks” and “the first step in a larger path”.

Syrian President Ahmed Al-Sharaa makes the first electronic payment in Syria using a @Visa card at a store in Damascus, following the lifting of US sanctions on Syria. pic.twitter.com/lpAN7nQ6Fc

— Tech Magazine (@TechMGZN) August 27, 2026

“We are excited to have successfully tested live transactions today as we plan to enable international visitors to use their Visa cards while in Syria,” says Leila Serhan, Visa’s senior vice president and group country manager for the North Africa, Levant and Pakistan region. Although a significant first step, that plan doesn’t come with a hard date for when a visitor’s card will work normally.

Mohammed Safwat Raslan, governor of the Central Bank of Syria, says the test paves the way for international card acceptance in Syria and that maintaining strong compliance, risk management and operational controls will remain essential. Serhan likewise stresses that Visa has worked within applicable legal, regulatory and compliance requirements. For a test transaction, it seems there was a great deal of attention paid to the rules, with the entire operation being carefully managed.

Also Read: Lebanon’s 5G Era Begins With 150 Stations And A $1M Budget

The test is the latest step in a sequence that began in December 2025, when Visa announced a strategic roadmap to support Syria’s integration into the global digital economy. In February 2026 it hosted its first industry gathering of banks, ecosystem partners and policymakers in Damascus and, the same month, signed an agreement with Syria’s Ministry of Communications and Information Technology in San Francisco.

Michel Kattouah, Paymera’s CEO, called the test “the return of international card acceptance,” but while that’s positive news, there’s no word yet on when a Syrian bank will issue a Visa card to a Syrian customer.