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Senior officials after a signing ceremony in Abu Dhabi.
Abu Dhabi-based manufacturer Monarch Holding and Chinese company EHang Holdings, a leading autonomous aerial vehicle (AAV) technology platform company, have signed a partnership agreement to build the first factory in the Middle East and North Africa (Mena) to manufacture and operate autonomous aerial vehicle (AAV) technology platform companies. Continuous development of factories, electric planes and drones for passenger and freight transport in Abu Dhabi.
The announcement is in line with the initiatives of Abu Dhabi’s Industrial Strategy, which includes innovative technologies for Industry 4.0, a new circular economy regulatory framework, green policies and incentives to continue the transition to a smart, circular and sustainable economy.
The collaboration aims to create sustainable electric aircraft and drones, establish a command and control center to autonomously manage urban air traffic, and build infrastructure, vertiports (takeoff and landing platforms) and operations for electric aircraft and drones. facilities, as well as qualification and training opportunities for Emirati talent.
The project facilitates trade by facilitating the flow of goods and merchandise to outlets, ports and airports, contributing to revitalizing markets and supporting local products.
The partnership will support sustainable electric commercial aircraft and drones, enabling Abu Dhabi to adopt urban aviation technology.
Focused on improving smart and sustainable mobility, the project will enhance Abu Dhabi’s status as the smartest city in the Middle East and North Africa.
Rashed Abdulkarim Al Blooshi, Undersecretary of the Abu Dhabi Department of Economic Development (ADDED), said: “Abu Dhabi is focusing on a knowledge-based, innovation-driven In strengthening and adopting methods and technologies of Industry 4.0, circular economy, talent development, ecosystem support, local supply chain and value chain development.
“This partnership reflects our high level of infrastructure in advanced and smart industries as well as a well-developed legislative and regulatory framework in the emirate, which provides an attractive environment for innovation and investment in advanced industries and technological transformation. In order Ensuring the best conditions for investors and entrepreneurs, ADDED has launched a number of initiatives to improve the ease of business and trade, financing and attracting foreign direct investment.”
Hussain Ali Alomaeirah, Founder and Chairman of Monarch Holding, said: “This joint venture will support the future of Abu Dhabi’s transport sector in line with the government’s vision to strengthen the foundations of the smart city. Advanced technology, artificial intelligence and sustainable energy with zero carbon emissions.
He added that Monarch is developing partnerships with the world’s best electric aircraft manufacturer and urban air mobility design and consultancy firm, which develops and operates the world’s most advanced UAM system.
Monarch Holding is ready to support partners and clients doing business in the Middle East. Located in Abu Dhabi, the capital of the United Arab Emirates, relying on high-end infrastructure and strategic location, we aim to establish and maintain long-term business relationships.
We have developed a complete ecosystem that takes into account aircraft and airspace development and safety, infrastructure development, and community engagement with advanced/new technologies.
The company officially cooperates with EHang Holdings, the world’s top and leading urban air mobility (UAM) in the Middle East. The world’s first manufacturer of electric passenger-level autonomous aircraft, safe, environmentally friendly, and intelligent urban air mobility (UAM) solutions, as manufacturing, logistics, and infrastructure.
Also, the fourth meeting of the Industrial Development Council (IDC) discussed recent major national developments in industry, manufacturing, technology and sustainable development.
IDC works to improve the performance and competitiveness of the industrial sector, and provides high-quality enablers, incentives, and policies to stimulate investment and contribute to national priorities, such as economic diversification and net-zero emissions.
During the virtual meeting, the council discussed measures to stimulate the industrial sector. It examines the progress of important projects such as updates to legislation and regulations and the progress of the industrial census. It calls for policies that allow factories to use renewable energy to generate electricity, in line with the UAE’s efforts to reduce emissions and achieve net-zero emissions. It further explores key enablers and incentives in support of sustainable industrial development.
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