The leading fintech group in the MENA region Multi-Level Group (MLG) is partnering with the Abu Dhabi Investment Office (ADIO) to boost the eVTOL development in the UAE and beyond.
Industry sources added that during Abu Dhabiโs inaugural DRIFTx event, a global platform to discuss and engage innovations that will shape the future of mobility, ADIO and MLG signed a trilateral agreement with EHang.
Industry sources further added that EHang is poised to set up its regional headquarters in Abu Dhabi to promote business activities with local partners comprising the manufacturing, flight operations, research and development, training and Maintenance, Repair, and Overhaul (MRO) facilities.
Badr Al-Olama, Director General of Abu Dhabi Investment Office (ADIO),ย stated: โADIO continues to work with leading global players to accelerate the adoption of smart and autonomous vehicles across air, land and sea. Our collaboration with Multi-Level Group, and air mobility leaders such as EHang, will play a key role in driving Abu Dhabiโs efforts in promoting eVTOLs to transform the way people and goods are transported and in advancing the future of mobility globally.โ
Mr. Abdul Jabbar Al Sayegh, Chairman of Multi Level Group (MLG)ย expressed enthusiasm about the groundbreaking collaboration between MLG, ADIO, and global leader EHANG, aimed at driving forward the future of autonomous aerial vehicles development.
He stated: โThis partnership marks a significant milestone in our collective efforts to revolutionize the way people and goods are transported. By joining forces with EHang, a pioneer in urban air mobility technology, and with the support of ADIO, we are poised to establish Abu Dhabi as a hub for the advancement of eVTOLs and unmanned aerial vehicles. It underscores MLGโs dedication to driving forward innovation and shaping the future of mobility in the UAE and beyond.โ
Mr. Huazhi Hu, Founder, CEO and Chairman of EHang,ย stated: โAbu Dhabi is at the forefront of the innovative technologies, and offers one of the best ecosystems globally for UAM solutions. We are thrilled to have MLG and ADIO as our partners to bring our eVTOLs and expand our footprint into the MENA region. EHang remains steadfast in shaping the future of air transportation and contributing to Abu Dhabiโs journey towards becoming a global leader in the UAM sector.โ
EHang (Nasdaq: EH) is one of the worldโs leading urban air mobility (UAM) technology platform companies. It provides customers in various industries with pilotless eVTOL aircraft and unmanned aerial vehicle (UAV) systems and solutions.ย
SAVI supports the innovation and commercialization of smart and autonomous vehicle technologies in the UAE by providing state-of-the-art facilities and value-added services within an enabling regulatory environment. The cluster is located in Abu Dhabiโs Masdar City and will include R&D labs. Supported by ADIO and SAVI, Abu Dhabiโs inaugural DRIFTx is an international platform and exhibition to showcase the latest in advanced urban mobility applications across air, land, and sea. Being held from 25-26 April 2024 at Yas Marina Circuit, the event features engaging discussions, a never-before-seen display of flying taxis, driverless cars, and autonomous boats, and one-of-a-kind experiences.
