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Abu Dhabi Investment Office

Abu Dhabi Investment Office News

United Marine Egypt Shipping will receive an undisclosed number of the Regent seaglider

Egyptian company buys into Neom-backed seaglider

United Marine Egypt Shipping will be the launch customer for a large passenger seaglider that is designed to travel at high speeds over water.  US maritime transport company Regent said UME will be the first to receive its Monarch seaglider. The Monarch is a 50-to-100-passenger electric craft that Regent says will travel up to 650km […]

Students in shared accommodation. According to one expert, international investors have put more money into student housing than any other US real estate asset

Investors size up Gulf student housing after US success

Gulf entities have invested billions of dollars in student housing in the United States over the past few years, and are now considering making the same play locally. Accommodation for university students has become a hot asset class amid demographic growth fueled by the millennial generation, which recently passed the baby boomers to become the […]

Airfield, Airport, Aircraft Archer Aviation this week became one of only two air taxi companies to receive certification as an airline from the US Federal Aviation Authority

Archer Aviation says UAE is ahead in air taxi race

The UAE is winning the race to launch Archer Aviation’s flying taxis, ahead of the US, India and South Korea. The Abu Dhabi-backed electric vertical take-off and landing (eVTOL) aircraft manufacturer last week became one of only two air taxi companies in the world to receive certification as an airline from the US Federal Aviation […]

Joby Aviation's CEO JoeBen Bevirt (2nd left) at the signing of a multilateral agreement with the three Abu Dhabi government departments

Abu Dhabi signs multiple deals to launch air taxi services in 2025

A commute from Abu Dhabi to Dubai could take only 30 minutes next year, with the introduction of air taxi services significantly slashing travel time between the emirates. The electric aircraft manufacturer Joby Aviation signed agreements this week with Abu Dhabi’s Department of Municipalities and Transport, Department of Economic Development and Department of Culture and […]

flying cars aqir taxi commute Dubai Abu Dhabi

Air taxi makers promise Dubai-Abu Dhabi commute in 30 minutes

Flying cars could cut the commute between Dubai and Abu Dhabi to 30 minutes next year after a deal between Archer Aviation of the US and the UAE’s Falcon Aviation. Under the agreement, the two will develop air taxi vertiports at the Falcon heliport at Atlantis the Palm in Dubai and the Marina Mall heliport […]

Idris Elba was among the celebrities at the Hub71 Impact Summit who see the potential in investing in Abu Dhabi

Abu Dhabi courts celebrity investors to make its mark

Abu Dhabi is increasingly turning to celebrities, from actors and comedians to boxers and writers, to increase its presence on the world stage. The UAE’s capital has attracted entrepreneurs from around the world who are investing and expanding their businesses in the emirate. Among the latest to announce plans to invest in Abu Dhabi are […]

An investor in the Dubai Financial Market. 'Whether you’ve $10,000 or $1 billion to invest, you should have the same opportunities,' said Sarwa's CEO

Fintech Sarwa beefs up investment platform

Sarwa Digital Wealth, an Abu Dhabi-based fintech, will this year add several new asset classes including private equity and real estate to its robo-advisory platform, the company’s CEO told AGBI. This development is indicative of a broader trend among fintech companies in the region, which are evolving from addressing isolated banking challenges to diversifying their […]

An eVTOL craft designed by French company Ascendance, which has signed a deal with Abu Dhabi Investment Office to set up in the emirate

French and Italian firms to test flying taxis in Abu Dhabi

Abu Dhabi Investment Office (ADIO), an investment arm of the Abu Dhabi government, has signed agreements with France’s Ascendence and Italy’s Manta Aircraft to set up operations in the emirate’s smart and autonomous vehicles industry (Savi) cluster. The agreements were signed at the recently-concluded Dubai Airshow, the UAE state-run Wam news agency reported. Located in […]

PIF has launched Tasaru Mobility Investments to accelerate EV development in Saudi Arabia

Abu Dhabi signs up 3 more smart vehicle companies

Masdar City’s smart and autonomous vehicles industry (SAVI) cluster has signed up three more companies, it was announced at Gitex Global this week. Abu Dhabi earlier this month unveiled plans to establish Savi, which aims to add up to AED120 billion ($33 billion) to the country’s economy. Abu Dhabi Investment Office (ADIO), an investment arm […]

Archer Aviation's eVTOL aircraft 'Midnight'

US developer to build flying taxis in Abu Dhabi

The day is drawing closer when a taxi ride between Dubai and Abu Dhabi takes only twenty minutes in an aircraft built in the UAE. A US developer of electric vertical takeoff and landing (eVTOL) aircraft has signed an agreement with the Abu Dhabi Investment Office (ADIO) to set up a manufacturing centre in Abu […]