Saudi Arabia gives wings to urban air mobility
May 9, 2022 | Source: Arab News
Aviation experts and leaders will gather from all over the world to attend the Future Aviation Forum, a two-day event to showcase the advancements in international air travel, as Saudi Arabia aims to generate $100 million from the aviation sector by 2030.
Arab News reports on the new event and highlights the role that JIMCO (the Jameel Investment Management Company) is playing by investing in Joby Aviation, (NYSE: JOBY), a California-headquartered future mobility company developing and manufacturing an all-electric, vertical take-off and landing (eVTOL) aircraft which are intended to operate as a fast, clean, quiet and affordable air taxi service and commercial passenger transport beginning in 2024.
The article quotes Hassan Jameel, Deputy President and Vice Chairman, Abdul Latif Jameel, who said:
“Air taxi service is still in the early stages of commercialization, but one that has the potential to completely transform the future of mobility. We are excited to be a part of this new chapter for the sector, bringing fast, affordable, and zero-emissions air mobility to Saudi Arabia and the wider MENA region.”
Read the full article in its original location here.