Abu Dhabi has attracted more companies to its newly established cluster for the development of high-tech vehicles, as part of its push into advanced manufacturing and sustainable mobility.
Commercial helicopter operator Abu Dhabi Aviation will establish a maintenance, repair and overhaul centre for electric vertical take-off and landing (eVTOL) aircraft at the Smart and Autonomous Vehicle Industry (Savi) cluster in Masdar City, the Abu Dhabi Investment Office said on Monday.
Chinese electric vehicle maker Hozon Auto will bring its brand Neta Auto to the cluster where it will open a research and development centre and an assembly plant, Adio said in a separate statement later on Monday.
The announcements come a day after Adio revealed that California-based electric aircraft maker Joby Aviation, Chinese self-driving vehicle start-up WeRide and the UAE's unmanned maritime systems company Marakeb Technologies will join the Savi cluster.
The Masdar City-based cluster, which was announced on October 13, will develop smart and autonomous vehicles for air, land and sea use.
It is expected to contribute between Dh90 billion ($24.5 billion) and Dh120 billion ($32.7 billion) to the UAE's economy and generate up to 50,000 jobs, officials said last week.
Abu Dhabi Aviation and Adio will collaborate with UAE airlines, global eVTOL companies and other international partners to promote smart and autonomous air mobility, according to the emirate's investment office.
Abu Dhabi Aviation will also team up with technology companies operating in Savi to commercialise intellectual property and technology created through joint research and development, Adio said.
The helicopter company will also focus on knowledge transfers and national capabilities through its pilot-training centre, further promoting eVTOL services, according to Adio.
The company will also work closely with local regulators to adopt a clear regulatory framework that will support the future of aviation mobility.
Abu Dhabi Aviation provides offshore oil support – particularly for Abu Dhabi’s oil and gas production companies – and other services globally.
The company also provides ultra-VIP passenger transport services, search and rescue operations for the UAE, crop spraying, aerial construction, seismic support and third-party maintenance support, as well as helping to fight fires in Europe.
Meanwhile, Chinese Neta Auto's R&D facility in Abu Dhabi will serve as its Middle East and North Africa hub, according to Adio. This will be its third R&D facility globally – following its Shanghai and Hong Kong centres, it said.
Neta Auto will trial its latest technologies at a testing zone in Yas Island, which has an established road mobility test bed used by a growing number of incorporated technology start-ups.
“We are excited to support the company in developing smart and autonomous vehicles on Yas Island, and becoming a beacon for others to follow in the EV and battery cell sectors," said Badr Al Olama, acting director general of Adio.
TCL INFO
Teams:
Punjabi Legends Owners: Inzamam-ul-Haq and Intizar-ul-Haq; Key player: Misbah-ul-Haq
Pakhtoons Owners: Habib Khan and Tajuddin Khan; Key player: Shahid Afridi
Maratha Arabians Owners: Sohail Khan, Ali Tumbi, Parvez Khan; Key player: Virender Sehwag
Bangla Tigers Owners: Shirajuddin Alam, Yasin Choudhary, Neelesh Bhatnager, Anis and Rizwan Sajan; Key player: TBC
Colombo Lions Owners: Sri Lanka Cricket; Key player: TBC
Kerala Kings Owners: Hussain Adam Ali and Shafi Ul Mulk; Key player: Eoin Morgan
Venue Sharjah Cricket Stadium
Format 10 overs per side, matches last for 90 minutes
When December 14-17
Mohammed bin Zayed Majlis
More on Quran memorisation:
UK-EU trade at a glance
EU fishing vessels guaranteed access to UK waters for 12 years
Co-operation on security initiatives and procurement of defence products
Youth experience scheme to work, study or volunteer in UK and EU countries
Smoother border management with use of e-gates
Cutting red tape on import and export of food
PROFILE OF INVYGO
Started: 2018
Founders: Eslam Hussein and Pulkit Ganjoo
Based: Dubai
Sector: Transport
Size: 9 employees
Investment: $1,275,000
Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri
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The specs
Engine: 3.0-litre six-cylinder MHEV
Power: 360bhp
Torque: 500Nm
Transmission: eight-speed automatic
Price: from Dh282,870
On sale: now
Profile
Company name: Marefa Digital
Based: Dubai Multi Commodities Centre
Number of employees: seven
Sector: e-learning
Funding stage: Pre-seed funding of Dh1.5m in 2017 and an initial seed round of Dh2m in 2019
Investors: Friends and family
Email sent to Uber team from chief executive Dara Khosrowshahi
From: Dara
To: Team@
Date: March 25, 2019 at 11:45pm PT
Subj: Accelerating in the Middle East
Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year.
Today we are taking the next step in this journey—well, it’s more like a leap, and a big one: in a few minutes, we’ll announce that we’ve agreed to acquire Careem. Importantly, we intend to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha. I’ve gotten to know both co-founders, Mudassir and Magnus Olsson, and what they have built is truly extraordinary. They are first-class entrepreneurs who share our platform vision and, like us, have launched a wide range of products—from digital payments to food delivery—to serve consumers.
I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each. Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.
This acquisition is subject to regulatory approval in various countries, which we don’t expect before Q1 2020. Until then, nothing changes. And since both companies will continue to largely operate separately after the acquisition, very little will change in either teams’ day-to-day operations post-close. Today’s news is a testament to the incredible business our team has worked so hard to build.
It’s a great day for the Middle East, for the region’s thriving tech sector, for Careem, and for Uber.
Uber on,
Dara
The specs
Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now
More from Rashmee Roshan Lall
The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
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Company%20Profile
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SM Town Live is on Friday, April 6 at Autism Rocks Arena, Dubai. Tickets are Dh375 at www.platinumlist.net
THE POPE'S ITINERARY
Sunday, February 3, 2019 - Rome to Abu Dhabi
1pm: departure by plane from Rome / Fiumicino to Abu Dhabi
10pm: arrival at Abu Dhabi Presidential Airport
Monday, February 4
12pm: welcome ceremony at the main entrance of the Presidential Palace
12.20pm: visit Abu Dhabi Crown Prince at Presidential Palace
5pm: private meeting with Muslim Council of Elders at Sheikh Zayed Grand Mosque
6.10pm: Inter-religious in the Founder's Memorial
Tuesday, February 5 - Abu Dhabi to Rome
9.15am: private visit to undisclosed cathedral
10.30am: public mass at Zayed Sports City – with a homily by Pope Francis
12.40pm: farewell at Abu Dhabi Presidential Airport
1pm: departure by plane to Rome
5pm: arrival at the Rome / Ciampino International Airport
More from Aya Iskandarani
The Bio
Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity
