Abdul Latif Jameel, a globally diversified business group with deep roots in Saudi Arabia, has signed a Memorandum of Understanding (MoU) with Joby Aviation, a U.S.-based company developing electric vertical take-off and landing (eVTOL) aircraft.
The agreement aims to explore opportunities to establish a distribution partnership for Joby’s electric aircraft in Saudi Arabia. The potential delivery of up to 200 aircraft and related services over the coming years is valued at approximately $1 billion, with broader revenue prospects across the Middle East.
The collaboration aligns with the long-term visions of both companies to redefine the future of mobility through sustainable, efficient, and affordable transportation. Joby’s aircraft, designed to carry four passengers at speeds of up to 200 mph, promises quiet, emissions-free travel. The company plans to launch its first passenger service in Dubai by 2026.
This partnership also reflects the growing innovation ties between the U.S. and Saudi Arabia and supports the Kingdom’s Vision 2030 goals. Joby intends to commercialize its aircraft through direct ownership and partnerships. In Saudi Arabia, it will partner with Abdul Latif Jameel to explore distribution, local air taxi services, pilot training, and maintenance solutions.
JoeBen Bevirt, CEO of Joby Aviation, emphasized the partnership’s role in expanding American electric air mobility leadership globally. Hassan Jameel, Vice Chairman of Abdul Latif Jameel, highlighted the significance of eVTOL in Saudi Arabia’s shift to sustainable, on-demand mobility and noted the timing with Abdul Latif Jameel Motors’ 70th anniversary as Toyota’s distributor in the Kingdom, a strategic investor in Joby.
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