UAE Aviation industry set for new addition with SDF’s announcement of ‘HelioTech’

UAE Aviation industry set for new addition with SDF’s announcement of ‘HelioTech’

ABU DHABI - The Strategic Development Fund (SDF), the investment arm of Tawazun Council, announced it will be presenting Helio Aviation Technologies (HelioTech), one of its latest additions to its venture investment portfolio, at the International Defence Exhibition and Conference (IDEX 2023).

HelioTech, a UAE based company, will focus on the design and manufacturing of its own proprietary and unique VTOL aircrafts for commercial and security applications. HelioTech’s initial efforts will centre on the development and production of manned and unmanned single engine helicopters based on cutting edge coaxial technology.

HelioTech has commenced the design and development of a family of products within the VTOL aircraft sector, which will be showcasing a selection of its products for the non-civilian market at SDF’s stand within the Tawazun Council pavilion at the exhibition.

Tareq Abdulraheem Al Hosani, Secretary General of Tawazun Council, praised the launch of the new entity, saying: “The launch of HelioTech is a significant step in advancing the UAE’s aviation, defense and security industry and will contribute to the growth and diversification of Abu Dhabi’s economy.

“HelioTech aligns with SDF's mandate to invest in financially and strategically rewarding investments through partnerships which contribute towards the UAE's private sector and Abu Dhabi’s technological capabilities,”