Oil giant Saudi Aramco has invested $14 million in one of the top drone service providers in the world, Terra Drone Corporation, through its early-stage investment fund Wa’ed Ventures. The Japan-based drone company says it will utilize the funding to set up a new subsidiary for inspection services in Saudi Arabia.
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Just a month after its mighty Rhaegal-A “Alpha” transportation UAV hauled a world-record-setting 829-pound payload, California start-up Sabrewing this week landed a multimillion-dollar contract to provide its craft to the Arabian Development and Marketing Corporation (ADMC) to support Saudi Arabia’s stated goal of becoming a global center of heavy-lift drone activity.
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Lilium’s effort to market its electric takeoff and landing aircraft (eVTOL) around the world has gotten a boost from a 100-craft deal with Saudi Arabia’s national airline, Saudia – its first foothold in the Middle East North Africa (MENA) region.
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Iran-backed Houthi forces have continued to hit key Saudi oil targets over the last few weeks, causing massive amounts of damage and delays. The forces are continuing to use their newest drone with a range of more than 900 miles, the Samad-3.
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As things continue to escalate in Yemen, Saudi-led military forces have announced they have taken down Houthi armed drones and destroyed explosive-packed boats.
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Saudi manufacturing companies, Intra Defense Technologies (IDT) and Advanced Electronics Company (AEC), will produce Turkey’s Karayel-SU drone under license from the drone manufacturer Vestel. AEC will provide the electronics, while Vestel will provide the key components.
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Saudi Arabia is reportedly looking to purchase armed drones from Turkey, as announced by Turkish President Recep Tayyip Erdogan on Tuesday. The cooperation will mark the first major step in working with one another since journalist Jamal Khashoggi was killed in the Saudi consulate in Istanbul in 2018.
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