> * • Strategic Development Fund (SDF) and REGENT Craft signed an initial agreement to bring manufacturing and aftermarket services for advanced electric seaglider to the UAE, pending closing conditions and regulatory approvals.
* • SDF invested in REGENT in 2023, increasing its stake in late 2024 as negotiations on the UAE partnership progressed, with plans for further investment upon its successful establishment.
* • JV follows April 2024 agreement between Abu Dhabi Investment Office (ADIO) and REGENT to support the company’s manufacturing capabilities within the Smart and Autonomous Vehicle Industry (SAVI) cluster.
* • Learn more about REGENT here and learn more about demand for seagliders in the UAE here.
Emirates24 Blog Technology Strategic Development Fund Signs Initial Agreement with REGENT to Set Up a Joint Venture for Seaglider Manufacturing and Services in the UAE.
