Vertical Aerospace has announced the signing of a strategic three-party Memorandum of Understanding (MoU) with Abdel Hadi Abdullah Al-Qahtani & Sons Group of Companies, a leading Saudi industrial conglomerate, and the Saudi National Industrial Development Centre (NIDC), part of the Ministry of Industry and Mineral Resources.
The MoU, signed in Riyadh, establishes a framework to explore the development of a long-term Advanced Air Mobility (AAM) ecosystem in the Kingdom of Saudi Arabia, aligned with Vision 2030, the country’s national programme to diversify its economy and build advanced industrial capability.
According to a Vertical Aerospace press release:
“Under the MoU, the parties will evaluate a broad set of opportunities spanning manufacturing localization, commercial eVTOL operations and potential investment and incentive opportunities, supporting Vertical’s certification programme and long-term growth. Saudi Arabia represents one of the largest and most attractive emerging markets for AAM globally, with the potential to support the operation of over 1,000 Valo aircraft – Vertical’s industry leading commercial aircraft. “
AHQ Group will support the evaluation of industrial, commercial and investment structures required to establish a scalable and sustainable AAM ecosystem in the Kingdom. Together, Vertical, AHQ Group and NIDC will explore how Saudi Arabia can become a regional hub for electric aircraft manufacturing, battery systems and AAM services, supporting Vision 2030’s ambitions for industrial diversification, highly skilled job creation and clean transport.
(Image: Vertical Aerospace)
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