Air taxis will come to NEOM after pioneering deal signed with Germany’s Volocopter

NEOM's Nadhmi Al-Nasr and Volocopter's Christian Bauer signing off on the deal (supplied)
Short Url
Updated 01 December 2021
Follow

Air taxis will come to NEOM after pioneering deal signed with Germany’s Volocopter

RIYADH: Air taxis will take to the skies above the Saudi city of NEOM thanks to a deal signed with German-based Volocopter in what will be a world's first bespoke public transport development.

NEOM has ordered 15 Volocopter aircraft to start initial flight operations within the next two to three years, it said on its website.

Of those, ten will carry passengers while the remaining five will transport logistics. 

NEOM, a regional development in northwest Saudi Arabia, has created a joint venture company with Volocopter which will be the sole operator of the initial public transit routes across the city.

It will also enable an open electric vertical take-off and landing ecosystem for vertical mobility services, known as eVTOL.

This includes logistics, emergency response, and tourism. 

Nadhmi Al-Nasr, the CEO of NEOM, said: “In designing cities and urban infrastructure for the 21st century, mobility is at the center of the equation. 

“Through this joint venture with Volocopter, we are demonstrating to the world that NEOM is the ideal region to implement urban air mobility rapidly and create a fully integrated vertical mobility ecosystem.”

Christian Bauer, the chief commercial officer at Volocopter, described the deal as an “exciting journey,” adding: “It is a once in a lifetime opportunity to be an essential part of designing and operating a completely new UAM (urban air mobility) ecosystem from the ground up without the constraint of legacy infrastructure or regulation, and as pioneers in the industry, Volocopter is honored to be the trusted partner to contribute to NEOM’s ambitious vision.”


DP World announces new leadership appointments

Updated 13 February 2026
Follow

DP World announces new leadership appointments

DUBAI: DP World announced the appointment of Essa Kazim as Chairman of its Board of Directors and the appointment of Yuvraj Narayan as Group Chief Executive Officer.

Essa Kazim currently serves as Governor of the Dubai International Financial Centre and Chairman of Borse Dubai. He brings extensive experience in financial and economic affairs, having previously held senior leadership positions in several national institutions.

Yuvraj Narayan has extensive professional experience in financial management, corporate finance, supply chains, and global trade. Since joining DP World in 2004, he has led a number of strategic and transformational initiatives that supported the company’s expansion across international markets and strengthened its role as an integrated global provider of end-to-end supply chain solutions.

Narayan has served as Group Chief Financial Officer since 2005, contributing to the company’s financial resilience and operational efficiency.

DP World affirmed that the new appointments support its strategy for sustainable growth and reinforce its role in strengthening global supply chains and supporting Dubai’s position as a leading hub for trade and logistics.