Electric Aircraft Collaboration Targets Saudi Arabia
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Joby Aviation and Abdul Latif Jameel have signed a Memorandum of Understanding to explore electric aircraft opportunities in Saudi Arabia. The agreement includes the potential delivery of up to 200 aircraft and related services, valued at approximately $1 billion over the coming years.
The collaboration aligns with Saudi Arabia’s Vision 2030 goals for sustainable and advanced transportation, aiming to improve mobility options and support economic growth. It will initially focus on establishing a distribution framework, launching air taxi services, and developing supporting infrastructure such as maintenance and pilot training.
Joby’s piloted electric aircraft is designed for four passengers, reaching speeds up to 200 mph with low noise and zero operating emissions. The partnership may expand to include other markets in the Middle East.
Abdul Latif Jameel was also an early investor in Joby through its 2020 Series C funding round.
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