The Strategic Development Fund (SDF), an Abu Dhabi-based investment arm of EDGE Group, has signed an agreement with REGENT Craft, a US-based developer of all-electric seagliders, to manufacture these innovative sustainable transport solutions in the UAE.
The joint venture, subject to final approvals, will produce seagliders for the Middle East, Africa and beyond, while also providing maintenance, repair and overhaul services.
Key Highlights Of The Agreement:
- Manufacturing hub: The UAE will become a regional centre for seaglider production.
- Strategic growth: The venture aligns with Abu Dhabi’s 'Smart and Autonomous Vehicle Industry' cluster, enhancing the emirate’s industrial and mobility sectors.
- Long-term investment: SDF first invested in REGENT in 2023 and expanded its stake in 2024.
- Industry expansion: REGENT recently broke ground on a 255,000-square-foot seaglider facility in the US, expected to launch in 2026.
Billy Thalheimer, Co-founder and CEO of REGENT Craft, emphasised the potential of Abu Dhabi as a global hub for seaglider technology during his presentations at the 'Future of Mobility Forum'.
His Excellency Badr Al Olama, Director-General of Abu Dhabi Investment Office, stated that this agreement advances Abu Dhabi’s position as a leader in next-generation transportation solutions.