Saudi Aramco Invests Millions In Japanese Drone Company To Create Subsidiary

  • 📰 ForbesTech
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

Saudi Aramco, the world's leading oil producer, is making a multi-million dollar investment in Japanese drone and air mobility technology company Terra Drone as it seeks to fall in line with Saudi Arabia's long-term initiative to reduce the nation's dependence on hydrocarbons, the companies annou...

Another key function of Terra Drone Arabia is development of the Unmanned Traffic Management or UTM system in the region. Think of it as air traffic control for low-flying aircraft such as drones. Terra Drone is largest shareholder of Unifly, the leading UTM technology provider in the world, which has a strong presence in Europe and North America.

It also includes creation of sustainable futuristic cities across several regions in a far-reaching project called“Supported by the global track record of Terra Drone, our investment represents our commitment towards building the UAM ecosystem in the Kingdom, one that circles around a sustainable economy.

unit continues to grow. Based in the Netherlands the company specializes in conducting inspections in confined environments such as storage tanks mainly for the oil and gas industries but extend to the food and beverage and power and waster incinteration sectors. Drones measure the thickness of tank walls, and carry out thermal and visual inspections. Key clients include Shell Oil, ExxonMobil, Heinekin, Deme Offshore and e-on.

Terra Inspectioneering will start speaking “very soon” to companies in Houston, Texas and Louisiana said Seki who declined to identify the businesses.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 318. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Airbus seeks outside investment for solar-powered Zephyr drone programmeAirbus said on Monday it was seeking outside investment for its high-altitude surveillance and communications drone programme Zephyr, in a bid to scale the business and accelerate its commercialization.
Source: Reuters - 🏆 2. / 97 Read more »