Saudi Arabia

Saudi Arabia Woos Electric Flying Taxi Company Archer Aviation

Reuters: Saudi Arabia is distancing Archer Aviation today after electric air taxi company announces it will partner with the Kingdom’s economic and regional competitor, the UAE. The lure to be the chosen country for foreign investors in the region makes the countries spend more and that is good for companies such as Archer which are just establishing in the field.

Last month, Archer invested in a deal with the Abu Dhabi Investment Office (ADIO) that would see the multiillion-dollar that Archer intends to launch the planned commercial air taxi services within the UAE. “Since we had made our first few announcements out here in the UAE, that has created interest around the region and in Saudi Arabia specifically,” added Nikhil Goel, Chief Commercial Officer for Archer.

Goel cited this as saying Archer is currently negotiating with Saudi Arabia to enter into some sort of partnership in Riyadh, Jeddah, and some of the Kingdom’s mega projects worth billions of US dollars. Archer is future mobility enterprise that is working for every day electric vertical take off and landing (eVTOL) aircraft and top investors of Archer Aviation are Chrysler- parent Stellantis, Boeing, and United Airlines. These are regaled as the flying taxis, an emblem of the future of urban air travel.

Again, the deep purse of the oil-rich region makes it apt for the industry, but there is a crucial challenge of certifications to boost the eVTOL industry in the future. According to Riyadh’s vision to ward off reliance on oil, billions are being put to invest in the aviation business to become a hub in the region. The kingdom revealed an intention to buy 105 narrow-body aircrafts from Airbus on Tuesday, founded the new carrier Riyadh Air past year and declared the Largest Civilian Airport of six runways in 2022.

Long-term aviation hub has also stepped up, including big increases and plan to expand the Dubai International Airport passenger traffic to 120 million per a year by the 2026 from a hundred million. This competition is making the industry glow in an aviation boom that Goel considers factual to the new entrant like Archer.

 

Dubai News Staff

Recent Posts

7 Epic UAE Music Festivals You Can’t Miss in 2025

The UAE prepares to create an unforgettable 2025 for all live music fans across the…

3 hours ago

Emirates Group: Aligning Education with AI Crucial for Building Future-Ready Talent

The Emirates Group brought attention to Dubai AI Week 2025 by emphasizing the necessity of…

4 hours ago

Sheikh Hamdan Opens Dubai AI Week 2025, Calling AI Readiness a Key Measure of Government Success

The Dubai AI Week 2025 launch took place under the leadership of His Highness Sheikh…

6 hours ago

Dubai to Launch Self-Driving Taxi Trials with Baidu Ahead of 2026 Rollout

The upcoming trials in Dubai will deploy 50 self-driving taxis because the city intends to…

1 day ago

Hamdan bin Mohammed: AI Will Shape Dubai’s Future Vision

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum identifies Artificial Intelligence as the…

1 day ago

Where to Find the Best Steak Frites in Dubai Right Now

The desire to eat steak frites in Dubai can be relieved only through the perfect…

1 day ago