ABU DHABI – The Strategic Development Fund (SDF), the investment arm of the Tawazun Council, has announced that it will be showcasing Helio Aviation Technologies (HelioTech), one of the newest additions to its venture portfolio, at the International Defense Exhibition (IDEX) 2023).
UAE-based company HelioTech will focus on the design and manufacture of its proprietary and unique VTOL aircraft for commercial and security applications. HelioTech’s initial efforts will focus on the development and production of manned and unmanned single-engine helicopters based on cutting-edge coaxial technology.
HelioTech has begun designing and developing a range of products in the VTOL aircraft segment and the company will be showcasing a selection of its products for the non-civilian market at the SDF stand in the Tawazun Committee Pavilion at the show.
Tareq Abdulraheem Al Hosani, Secretary General of the Tawazun Council, hailed the launch of the new entity, saying: “The launch of HelioTech is an important step in advancing the aviation, defense and security industries in the UAE and will contribute to the growth of Abu and the diversification of Dhabi’s economy .
“HelioTech is in line with SDF’s mission to invest in financial and strategic return on investment through partnerships that contribute to the UAE’s private sector and Abu Dhabi’s technological capabilities,” he added.
Abdulla Naser Al Jaabari, Managing Director and CEO of SDF and Chairman of HelioTech, said: “Aviation and urban mobility technologies are part of SDF’s focus on its key strategic areas. We began our first major investment in the rotorcraft industry in 2019. investment, but due to specific constraints, we halted our plans and investments after reaching an agreement with our partners.New venture capital investment through the launch of HelioTech is a testament to our belief that advanced VTOL technology will be of use in the aerospace, transportation and defense industries of the future play an important role in.
“SDF is committed to positioning HelioTech as an industry leader and as part of its strategic roadmap, business expansion and technological advancement, we will integrate some of SDF’s current international product portfolios and create synergies. In addition, we aim to Participants and investors collaborate to further expand and grow the business,” he added.
Sultan Al Kaabi, Senior Consultant to SDF and Managing Director of HelioTech, commented: “HelioTech’s new production and design facility in the Al Bateen Executive Airport Free Zone will be the first step towards completing our prototype and achieving our targeted initial production capacity. Additionally, HelioTech An international distribution, manufacturing and production network is planned to give HelioTech access to key markets around the world.
“We have already started taking several steps to build a team of top international talent as well as young Emirati talent. Furthermore, we are working closely with international industry experts and partners and are confident that we will achieve our goal of commencing production within 2025 specific products,” he added.