Abdul Latif Jameel and Joby Aviation, a U.S.-based company developing electric air taxis, have signed a Memorandum of Understanding to explore a potential distribution agreement in Saudi Arabia for Joby’s electric aircraft.

The agreement reflects growing economic ties between the U.S. and Saudi Arabia, focusing on innovation and transportation. Abdul Latif Jameel and Joby estimate the potential delivery of up to 200 aircraft and related services, worth around $1 billion over the next several years. They also see future business opportunities in electric aviation across the Middle East region.

The partnership builds on an earlier connection, as members of the Jameel family invested in Joby’s Series C funding round in 2020, led by Toyota. Joby plans to run its own services in markets like the U.S. while partnering with local businesses to operate in other regions, including Japan.

​​“This collaboration is about bringing America’s leadership in electric air mobility to the world,” said JoeBen Bevirt, Founder and CEO of Joby Aviation. “Together with Abdul Latif Jameel, we’re not just imagining a cleaner, safer, more efficient future — we’re building it.  And there is no better partner to help unlock the extraordinary opportunity for air travel in the region.”

The two companies will explore potential collaboration on aircraft sales and distribution, local air taxi operations, and support services such as maintenance, repair, overhaul (MRO), and pilot training.

Joby’s all-electric aircraft, designed to carry four passengers and reach speeds of up to 200 mph, aims to offer a quieter and emissions-free alternative to traditional helicopters. The company plans to begin passenger operations in Dubai in 2026.