NEOM has invested $175 million in Volocopter. This deal expands NEOM’s strategic partnership with Volocopter to progress an advanced air mobility industry in Saudi Arabia. Nadhmi Al-Nasr, Chief Executive Officer at NEOM, said: “This crucial investment aligns with the ambitious plans announced by HRH Mohammed bin Salman, the Chairman of NEOM’s Board of Directors, for the Kingdom to achieve sustainability and to develop NEOM into an accelerator of human progress. It will contribute to taking humanity closer to a new era of mobility an era defined by zero-emission, electrically-powered vertical take-off, and landing vehicles. Together with the Kingdom’s General Authority of Civil

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