ADIO, MLG & EHang sign trilateral deal for eVTOL development in UAE

ADIO, MLG & EHang sign trilateral deal for eVTOL development in UAE

The Abu Dhabi Investment Office (ADIO) and Multi-Level Group (MLG), the leading fintech group in the MENA region, and EHang have partnered to drive electric vertical takeoff and landing (eVTOL) development in the UAE and beyond. The trilateral deal was signed during Abu Dhabi’s inaugural DRIFTx event, a global platform to discuss and engage innovations […]The Abu Dhabi Investment Office (ADIO) and Multi-Level Group (MLG), the leading fintech group in the MENA region, and EHang have partnered to drive electric vertical takeoff and landing (eVTOL) development in the UAE and beyond.

The trilateral deal was signed during Abu Dhabi’s inaugural DRIFTx event, a global platform to discuss and engage innovations that will shape the future of mobility.

EHang is looking to set up its regional headquarters in Abu Dhabi to promote business activities with local partners including manufacturing, flight operations, research and development, training and Maintenance, Repair, and Overhaul (MRO) facilities.

ADIO will be providing EHang with a comprehensive range of growth-enabling support, including providing data and information related to establishing and operating a manufacturing and industrial services business in Abu Dhabi, setting up enablement and links with the Abu Dhabi ecosystem and international trade opportunities.

Badr Al OlamaDirector GeneralADIO

“ADIO continues to work with