{"id":122139,"date":"2025-06-03T12:09:13","date_gmt":"2025-06-03T12:09:13","guid":{"rendered":"https:\/\/alj.com\/?post_type=news&#038;p=122139"},"modified":"2025-06-10T10:28:01","modified_gmt":"2025-06-10T10:28:01","slug":"abdul-latif-jameel-and-joby-agree-to-explore-opportunities-for-electric-aircraft-in-saudi-arabia","status":"publish","type":"news","link":"https:\/\/alj.com\/en\/news\/abdul-latif-jameel-and-joby-agree-to-explore-opportunities-for-electric-aircraft-in-saudi-arabia\/","title":{"rendered":"Abdul Latif Jameel and Joby agree to explore opportunities for electric aircraft in Saudi Arabia"},"content":{"rendered":"<ul>\n<li>Aim to enable fast, clean, quiet and affordable commercial passenger transportation in Saudi Arabia<\/li>\n<li>Potential delivery of up to 200 electric aircraft and related services valued at approximately US$ 1 billion over coming years<\/li>\n<li>Grounded in Saudi Arabia\u2019s Vision 2030, new MOU to support socio-economic growth<\/li>\n<\/ul>\n<p><a href=\"https:\/\/alj.com\/en\/\">Abdul Latif Jameel<\/a>, an 80 year-old network of diversified businesses, and <a href=\"https:\/\/www.jobyaviation.com\/\">Joby Aviation, Inc.<\/a> (NYSE: JOBY), a company developing electric air taxis for commercial passenger service, are announcing the signing of a Memorandum of Understanding (MoU) to explore opportunities to establish a distribution agreement in Saudi Arabia for Joby\u2019s electric aircraft.<\/p>\n<p>This announcement builds upon the renewed economic partnership between the U.S. administration and the Saudi government towards shared innovation and transportation growth.\u00a0 Potential delivery of up to 200 Joby aircraft and related services valued at approximately US$ 1 billion are expected by the businesses over the coming years.\u00a0 In the long-term, Abdul Latif Jameel and Joby also see potential revenue opportunities across the Middle East.<\/p>\n<p>Abdul Latif Jameel and Joby share complementary long-term visions to revolutionize the future of mobility through transportation services that are cleaner, safer, more efficient and more affordable, helping to improve passenger experiences while simultaneously protecting the planet.\u00a0 In addition, the Jameel family invested in Joby\u2019s Series C funding round, led by Toyota Motor Corporation in 2020.<\/p>\n<p>The direct sale of aircraft through businesses such as Abdul Latif Jameel form one pillar of Joby\u2019s commercialization strategy.\u00a0 Additionally, Joby will directly own and operate its aircraft and services in certain markets, like the United States, and partner for similar operations in other markets, such as Japan.<\/p>\n<p>\u200b\u200b<strong>\u201c<\/strong>This collaboration is about bringing America\u2019s leadership in electric air mobility to the world<strong>,\u201d<\/strong> said JoeBen Bevirt, Founder and CEO of Joby Aviation.<\/p>\n<blockquote><p><em>\u201c<\/em>Together with Abdul Latif Jameel, we\u2019re not just imagining a cleaner, safer, more efficient future \u2014 we\u2019re building it.\u00a0 And there is no better partner to help unlock the extraordinary opportunity for air travel in the region<em>.\u201d<\/em><\/p><\/blockquote>\n<p><a href=\"https:\/\/alj.com\/en\/our-people\/hassan-jameel\/\">Hassan Jameel<\/a>, Vice Chairman, Saudi Arabia, Abdul Latif Jameel, stated:<\/p>\n<blockquote><p>\u201cSaudi Arabia is transitioning toward a new era of mobility \u2014 one that is on-demand, shared, connected, and sustainable. eVTOL is an exciting and important component of this.\u00a0 We are looking forward to collaborating with Joby to support the transformation of Saudi&#8217;s mobility sector.\u00a0 This collaboration also comes as Abdul Latif Jameel Motors marks 70 years of distributing Toyota in Saudi Arabia \u2014 a strategic investor in Joby.\u201d<\/p><\/blockquote>\n<p>Joby\u2019s collaboration with Abdul Latif Jameel will initially focus on Saudi Arabia, where Abdul Latif Jameel has an extensive presence, network and deep operational experience.\u00a0 The two businesses will work together to explore distribution and sales collaborations, the launch of local air taxi services, including the establishment of aftermarket services such as MRO (Maintenance, Repair, and Overhaul), and pilot training.<\/p>\n<figure id=\"attachment_122147\" aria-describedby=\"caption-attachment-122147\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-122147 size-full\" src=\"https:\/\/media.alj.com\/app\/uploads\/2025\/06\/HJ-JBB.jpg\" alt=\"\" width=\"1024\" height=\"768\" srcset=\"https:\/\/media.alj.com\/app\/uploads\/2025\/06\/HJ-JBB.jpg 1024w, https:\/\/media.alj.com\/app\/uploads\/2025\/06\/HJ-JBB-300x225.jpg 300w, https:\/\/media.alj.com\/app\/uploads\/2025\/06\/HJ-JBB-150x113.jpg 150w, https:\/\/media.alj.com\/app\/uploads\/2025\/06\/HJ-JBB-768x576.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-122147\" class=\"wp-caption-text\">Hassan Jameel and JoeBen Bevirt at Red Sea Global, one of Saudi Arabia&#8217;s giga-projects.<\/figcaption><\/figure>\n<p>Joby\u2019s piloted, all-electric aircraft is designed to carry four passengers at speeds of up to 200 mph, offering high-speed mobility with a fraction of the noise produced by helicopters and zero operating emissions.\u00a0 The business plans to carry its first passengers in Dubai, UAE in 2026.<\/p>\n<p>Given the importance of mobility to Saudi Arabia\u2019s urban transformation, the collaboration aims to drive socio-economic growth in Saudi Arabia and create employment opportunities for Saudi nationals, in line with Vision 2030.<\/p>\n","protected":false},"featured_media":122140,"template":"","tags":[],"newscategory":[149],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Joby MoU for electric 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