Middle East Live

BROOMFIELD, Colo. - Tuesday, 30. April 2024 AETOSWire Print 

2024 1.0.1 Delivers Advanced Functionality for Optimizing and Simplifying Complex Data during Import

(BUSINESS WIRE) -- Spatial Corp, the leading software development toolkit provider for design, manufacturing, and engineering solutions and Dassault Systèmes subsidiary, announces the production release of 2024 1.0.1.

Data Prep Is Officially Released

Open New Horizons in Data Import

After launching the alpha version, Data Prep, Spatial’s newest add-on product for 3D InterOp, is officially released to all customers. Supported strategies include filtering small bodies from a model, removing small holes and fillets, and generating an assembly structure from a part with duplicate bodies.

Over the past three months, customer interest confirms the market need for tools to simplify and optimize data during import. Spatial plans to invest further in Data Prep strategies. Functionality releasing soon includes:

Capabilities to reduce data to manage while preserving relevant features - to shorten model preparation times for multi-physics and process simulation workflows.

Ability to convert polyline data to continuous curves during file restore - to decrease memory consumption and allow for successful import.

Option to avoid model shrinkage due to Data Prep strategies like feature removal - to ensure accuracy of collision detection analyses.

Users interested in defining future strategies for Data Prep should contact their account manager.

3D InterOp Extends Support for BIM and Manufacturing

New Support for Navisworks and Writing DXF/DWG Drawing Sheets

The latest release allows BIM customers to read Navisworks files and write drawing sheets in a DXF/DWG format. Additionally, 3D InterOp offers expanded support for the Linux platform in Parasolid-based 3D InterOp.

Point and Table Patterns from Creo Files

Manufacturing relies on hole pattern metadata for automated machining processes such as drilling, milling, cutting, or punching. The latest release of 3D InterOp supports Point and Table type hole patterns in Creo Reader.

Enabling Support of More Formats through External Partners

Extensible 3D InterOp enables partners to create readers and writers for unsupported file formats. These external implementations integrate with existing formats to seamlessly exchange BREP and Visualization data. Customers wishing to develop custom readers and writers can reach out to their account manager for assistance.

Package Size Optimization

For customers not needing support for all bundled formats, ACIS-based 3D InterOp offers guidance on configuring a minimal library set for popular CAD and exchange formats. This minimizes the libraries shipped with their application, saving end-user disk space. For example, supporting only IGES + STEP formats reduces installed library size by 70%.

3D ACIS Modeler Improves Polyhedral Modeling

Polyhedral Sheet Thickening

Additive manufacturing or EDA workflows often start with input that is a 2D representation of a thin part to be processed. When printing or simulating the part, generating a realistic 3D model representing the object with its actual thickness is helpful. This release delivers an API to generate a thickened body from polyhedral sheets.

New Polyhedral Boolean Operations

ACIS now provides functionality to compute the intersection graph between two polyhedral bodies. It also allows combining disjointed polyhedral bodies into a single body, increasing the efficiency of downstream operations.

CGM Provides More Manufacturing Automation and Simulation Tools

Enhancements to Feature Recognition and Removal

Users can now specify an industry context to customize the behavior of feature recognition. Setting the industry context tailors feature recognition to provide intuitive results for applications as diverse as Body-in-White, Micro-Mechanics, and Civil Engineering. This release also offers functionality to remove chamfers.

Improved Polyhedral Modeling for Additive Manufacturing

This release provides various robustness and performance enhancements targeting polyhedral healing and offset. For both types of operations, options are now available to tune the performance for specific configurations.

New Medial Axis Extraction Operator

Simulation engineers need tools to simplify the geometry of parts to reduce analysis computation time. This release features the beta version of the Neutral Fiber Operator, which reduces radially symmetric 3D bodies to a one-dimensional line.

CSM/CVM: Improvements to Cartesian Core Workflows

CVM generates Cartesian elements for interior meshing, resulting in accurate triangular surface meshes and predominantly hexahedral volume meshes. Users can now control the size of these elements, which were previously determined automatically based on surface mesh element size.

About Spatial Corp.

Spatial Corp, a Dassault Systèmes subsidiary, is the leading provider of 3D software development toolkits for technical applications across a broad range of industries. Spatial 3D modeling, 3D visualization, and CAD translation software development toolkits help application developers deliver market-leading products, maintain focus on core competencies, and reduce time-to-market. For over 35 years, Spatial’s 3D software development toolkits have been adopted by many of the world’s most recognized software developers, manufacturers, research institutes, and universities. Headquartered in Broomfield, Colorado, Spatial has offices in the USA, Germany, Japan, China, and the United Kingdom. For more information, visit www.spatial.com.

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Contacts
Fériel Jedidi
feriel.jedidi@3ds.com
+33 1 61 62 82 01

Riyad-Arabie Saoudite - mardi, 30. avril 2024

Riyad fournit une plateforme mondiale permettant aux principaux acteurs des secteurs public et privé de lancer des initiatives et de faire des annonces majeures sur le traitement du cancer, l'éradication de la polio et une nouvelle coalition sur l'IA.

Riyad a accueilli plus de 1000 dirigeants internationaux pour la réunion spéciale étalée sur deux jours du Forum économique mondial (FEM ) et au cours de laquelle des personnalités des mondes politiques et économiques, mais aussi des secteurs de l’énergie et de la technologie, de premier plan ont appelé à s’engager dans des voies claires menant vers la stabilité, la prospérité et des opportunités de croissance inclusive à travers le monde pour faire face aux défis transfrontaliers croissants.

Avec plus de 1000 participants, la réunion spéciale du FEM à Riyadh sur la collaboration mondiale, la croissance et l'énergie pour le développement a enregistré le nombre d'inscriptions le plus élevé jusqu’à présent pour un événement du FEM tenu en dehors de sa réunion annuelle à Davos, en Suisse.

La réunion spéciale a ouvert la voie au lancement de plusieurs initiatives dans les domaines de la santé, de l'intelligence artificielle, de l'espace et de la durabilité. Au cours du dernier jour de la réunion, le PDG de Moderna, Stéphane Bancel, a annoncé que la société pharmaceutique américaine travaillait sur le lancement du premier produit contre le cancer sur le marché de la santé, éventuellement dès 2025.

Dans ce contexte, le premier jour de la réunion, le ministère saoudien de la Santé a signé un protocole d'accord avec la Fondation Bill & Melinda Gates visant à garantir un accès équitable aux soins de santé pour tous et à fournir davantage de vaccins contre la polio, la rougeole et d'autres services vitaux à des millions d'enfants dans le monde. Il s'agit de l'un des nombreux accords signés par la Fondation avec le Royaume afin d’améliorer les systèmes de santé mondiaux ainsi que d’y faciliter leur accès.

Au cours de la dernière séance plénière, le ministre Saoudien de l'Économie et de la Planification, Son Excellence Fayçal F. Alibrahim, a annoncé que le Royaume avait rejoint ‘l'AI Governance Alliance’ pour le co-lancement de « l’Initiative inclusive de l'IA pour la croissance et le développement », qui développera les solutions pour permettre un accès mondial à l’IA ainsi que son adoption.

Pour sa part, l'Agence spatiale saoudienne a également annoncé son intention de créer un Centre pour l'avenir de l'espace, ultérieurement cette année, en collaboration avec le WEF. Ce Centre servira de plateforme pour les discussions public-privé sur la collaboration favoriser la croissance de l’économie spatiale mondiale.

Un réseau de champions du développement durable dirigé par l’Arabie Saoudite a également été lancé en marge de la réunion spéciale pour accélérer les efforts de décarbonation du secteur privé saoudien.

L’Arabie Saoudite a également annoncé avoir étendu sa collaboration avec la plateforme d’innovation ‘UpLink’ du FEM, avec deux nouvelles initiatives axées sur le développement de solutions pour réduire les émissions de CO2 grâce à l’économie circulaire du carbone, ainsi que sur la régénération des océans du monde à travers les innovations de l’économie bleue.

Par ailleurs, le président du WEF, Børge Brende, a salué la réunion spéciale de Riyad, considérée comme un rassemblement important qui a attiré la participation de dirigeants mondiaux clés, notamment le président de la Palestine, Mahmoud Abbas, le secrétaire d'État des États-Unis, Anthony Blinken, et le ministre des Affaires étrangères du Royaume-Uni, David Cameron.

De son côté, le philanthrope de renom Bill Gates a participé à une session intitulée « Combler les écarts en matière de santé », aux côtés du Dr Tedros Adhanom Ghebreyesus, directeur général de l'Organisation mondiale de la santé (OMS), et de Fahad ben Abderrahman Al-Jalajel, ministre de la Santé de l'Arabie Saoudite.

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WSMMedia@mep.gov.sa

Riyadh, Saudi Arabia 
Riyadh convened global leaders today at the World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development to host candid dialogues and outline bold steps to tackle the most pressing geopolitical, social and economic challenges facing humanity.

Speaking at the Special Meeting, His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, Minister of Energy for Saudi Arabia said a just and equitable energy transition will only be achieved by using a range of energy sources to diversify the global energy market. Access to secure and reliable energy, he said, is crucial to enabling people and communities from emerging nations achieve meaningful economic development.

In a session on ‘North to South, East to West: Rebuilding Trust’, His Highness Prince Faisal bin Farhan Al Saud, Saudi Arabia’s Minister of Foreign Affairs, led a discussion on addressing critical challenges through cooperation, speaking of the need to solve the humanitarian crisis in Gaza through “a real commitment to a two-state solution that is a credible, irreversible path to a Palestinian state.”

At the first WEF Open Forum to be hosted outside of Davos, Her Royal Highness Reema Bandar Al-Saud, Saudi Arabia’s Ambassador to the United States, reflected on the Kingdom’s cultural awakening, saying, “right now, what you’re watching is a renaissance of this country falling in love with its heritage.”

Reflecting on the progress of Saudi Vision 2030, His Excellency Adel Aljubeir, Minister of State for Foreign Affairs of Saudi Arabia, said: “We want to build a country that is diversified, that is inclusive, that is based on technology, that competes in the world and that is part of the global trading system.

At the start of the first day of the Special Meeting, His Excellency the Saudi Minister of Finance, His Excellency Mohammed Aljadaan, said that for long-term planning, countries need to be agile in dealing with economic challenges by making adjustments depending on circumstance.

Meanwhile, His Excellency Abdullah Alswaha, Saudi Arabia’s Minister of Communications and Information Technology, discussed the link between artificial intelligence and economic growth, stating, “we are not at a tipping point, but a turning point in humanity,” while highlighting how Saudi Arabia is doubling down on AI diffusion across multiple sectors.

His Excellency Ahmed Al-Khateeb, Saudi’s Minister of Tourism, said. “in just five years, Saudi Arabia's tourism sector has nearly doubled, growing from $35 billion to $66 billion, with our sights set on reaching $80 billion this year.”

Welcoming delegates to the two-day event, His Excellency Faisal Alibrahim, Saudi’s Minister of Economy and Planning welcomed global leaders to the “global growth platform” that Saudi Arabia has become under Saudi Vision 2030, and stressed the importance of building a more inclusive global economy “where every nation has the chance to thrive, regardless of its wealth or status”.

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Contacts
Saudi Arabia Ministry of Economy and Planning

Wooud Alquaied

walquaied@mep.gov.sa

Managed by Dubai Culture & Arts Authority (Dubai Culture)

As Dubai gears up to host the prestigious International Council of Museums (ICOM) General Conference for the first time in the MENASA region in 2025, Al Shindagha Museum is poised to play a pivotal role in this landmark event. Managed by the Dubai Culture & Arts Authority (Dubai Culture), the museum is a testament to the UAE’s rich heritage and cultural tapestry.

Al Shindagha Museum, the UAE's largest heritage museum, is a prominent stop in the route to understanding Dubai. It weaves a unique tapestry of stories and offers distinctive journeys that guide visitors through an array of 22 pavilions nestled within 80+ historic houses, celebrating Dubai's history and culture. The museum affords its guests the opportunity to immerse themselves in the Emirati past through diverse collections, exhibitions, and archival materials. These were collectively sourced in collaboration between the museum and over 100 community members, illustrating a shared endeavour between the museum and the people to preserve and showcase their collective legacy.

The museum presents its narratives in a modern, engaging manner, employing advanced interpretation technology and interactive educational tools to showcase Dubai's evolution and accomplishments. This emphasises the relevance of the museum's collections, which capture the essence of Dubai's heritage through the lens of its developing urban fabric.

Al Shindagha Museum pavilions strive to present a balance between passive and interactive interpretation models. The museum's focus is on the preservation of the nation's oral histories. Emerging technology used throughout, such as the ‘Culture of the Sea’ pavilion and the Life of Land: Expressions House, has allowed content to be digitised and disseminated.

The ‘Dubai Creek: Birth of a City’ pavilion offers visitors an immersive audio-visual journey that encapsulates the emirate's extensive developmental tale. Complementing this sensory voyage, the Perfume House engages visitors with Dubai's fragrant historical roots, providing an evocative exploration through the aromas that have perfumed it.

Al Shindagha Museum plays a critical role as a custodian of Dubai’s diverse cultural heritage. It stands not just as a museum, but as a living testament to the city's rich past, continuing to grow through cultivating local content and feedback led by its guiding principle of being a museum by the people for the people.

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Antoine Boghos, +971503310001

antoine@cbpr.me

 Pairing expect to be the first in market with service to remote farms

(BUSINESS WIRE)--AM Best is maintaining its market segment outlook for the insurance markets of the Gulf Cooperation Council (GCC) at stable.

In its new Best’s Market Segment Report, “Market Segment Outlook: Gulf Cooperation Council Insurance”, AM Best notes that growth prospects for the insurance sector remain plentiful as new insurable risks enter the market while high oil prices continue to fuel the region’s fiscal surpluses and provide resilience to challenging global macroeconomic conditions. Increasing regulatory scrutiny is also leading to a growing focus on risk management and corporate governance.

On the other hand, moderating factors identified by AM Best’s analysts include the highly saturated nature of the GCC markets, with intense competition driving pricing pressure and threatening technical margins, while rising operating costs – the result of improving regulatory regimes and the implementation of IFRS 17 – are squeezing margins, particularly for small- and mid-tier companies.

To access a complimentary copy of this special report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=342433.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2024 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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Emily Thompson
Senior Financial Analyst
+44 20 7397 0291
emily.thompson@ambest.com

Jessica Botelho-Young, CA
Associate Director, Analytics
+44 20 7397 0310
jessica.botelho-young@ambest.com

Richard Banks
Director, Industry Research – EMEA
+44 20 7397 0322
richard.banks@ambest.com

Edem Kuenyehia
Director, Market Development
& Communications
+44 20 7397 0280
edem.kuenyehia@ambest.com

DUBAI, United Arab Emirates - Friday, 26. April 2024 AETOSWire Print 

Seoul Metropolitan Government and Seoul Tourism Organization to hold tourism promotion event “Seoul My Soul in Dubai” from May 6th to 7th in Dubai
Popular K-pop idol groups, OH MY GIRL and KARD, will be at Dubai’s The Agenda for a K-pop concert and to take part in fan meetups and autograph signing, live audience dress rehearsals, and more
Beyond the stage activities also available such as pop-up booths offering a taste of Seoul's festivals and lifestyle, with a lucky draw for a chance to win a round-trip flight from Dubai to Seoul
Due to overwhelming demand that led to the first round of tickets being sold out, an additional 500 tickets will be made available through the Platinumlist website starting on Monday, April 29th
A limited number of remaining seats will be distributed with tickets on the day of the event
 

(BUSINESS WIRE) -- The Seoul Metropolitan Government and the Seoul Tourism Organization are hosting a tourism promotion event, ‘Seoul My Soul in Dubai’, on May 6th and 7th at Dubai’s The Agenda to showcase the charms of Seoul. The event aims to highlight the vibrant Seoul lifestyle and its soulful essence. The organizers have prepared a diverse program featuring a K-pop concert and fan appreciation events with popular K-pop artists OH MY GIRL and KARD, along with K-pop cover dance performances, a brand showcase of Seoul, lucky draw event, and much more.

By popular demand, as evidenced by all first-round release tickets being picked up, organizers have decided to issue 500 additional free tickets. Same as before, ticketing will be on Platinumlist’s website on a first-come, first-served basis at 12PM on April 29th (Monday). On the day of the event, remaining tickets will be also distributed on a first-come, first-served basis.

At 16:00 on day 1, and at 14:00 on day 2 the venue will open Seoul Style Pop-up Booths, offering visitors an immersive experience of the Seoul lifestyle. From beauty and wellness to the Hallyu phenomenon, K-food, and more, the experience space will be filled with interactive content and items to experience life style in Seoul.

In the Beauty Seoul Zone, visitors can immerse themselves in the full Seoulite festivalgoer experience. They will have the opportunity to be glammed up by K-Beauty makeup artists and personally decorate light sticks and bracelets — must-haves for any festival — to take home afterward. At the Seoul Picnic Zone, a media art wall and ASMR zone will transport you through Seoul's four seasons, creating a unique sensory experience. Capture your unforgettable moment in one of the mini photo studios in the Hallyu Zone, where you can choose from multiple background options such as K-pop music video style. Additionally, a Medical Zone will offer skincare consultations for those interested in beauty treatments. The K-Food Zone will showcase the latest drinks and snacks trending in Seoul, while the Brand Zone will feature newly launched 'Seoul My Soul' official goods.

The main event will kick off with thrilling performances by renowned K-pop cover dance teams from the UAE, setting the stage for an electrifying dive into the dynamic world of K-pop. Following this, the Seoul City Brand Showcase will feature talented drawing artists from Seoul, offering immersive art experiences showcasing the city’s must-visit hotspots and foodie stops. Participants will also have the chance to win round-trip airline tickets from Dubai to Seoul and hotel vouchers through a lucky draw, offering them the exciting opportunity to experience Seoul firsthand. The highlight of the program is the K-pop concerts, featuring the popular idol group OH MY GIRL on May 6th (Monday) and famous co-ed group KARD on May 7th (Tuesday).

During the event period, at 16:30, attendees can watch the pre-rehearsal of K-POP artists. Following that, a lottery will be held to select lucky winners for special fan events such as high-touch sessions, group photos, and autograph event, providing fans with unforgettable memories.

PRE-REGISTER FOR TICKETS HERE (URL) : https://buly.kr/15MWbDF

PRE-REGISTER FOR SECOND ROUND OF TICKETS STARTING : 12:00PM, April 29th (MON), 2024

INQUIRIES : seoulmysoul2024@gmail.com

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Contacts
SEOUL TOURISM ORGANIZATION
Jihyeon Song
seoulmysoul2024@gmail.com

• Multilateral agreement signed with three Abu Dhabi government departments identifies support for establishing and scaling Joby’s air taxi service in Abu Dhabi and beyond
• Agreement covers the potential to develop a full air taxi ecosystem, including training, infrastructure development and flight operations, as well as a manufacturing presence in Abu Dhabi
• Agreement unlocks opportunity for inter-emirate air taxi services

(BUSINESS WIRE) -- Joby Aviation, Inc. (NYSE:JOBY), a company developing all-electric aircraft for commercial passenger service, today announced it has signed a multilateral Memorandum of Understanding (MoU) with the Department of Municipalities and Transport - Abu Dhabi (DMT), the Abu Dhabi Department of Economic Development (DED) and the Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi) that lays the groundwork for Joby to establish and scale air taxi services in Abu Dhabi and beyond.

The MoU, signed at the DRIFTx international thought-leadership and exhibition platform in Abu Dhabi, demonstrates the breadth of support available to Joby as part of their participation in the Smart and Autonomous Vehicles Industry (SAVI) cluster and builds on Joby’s existing commitments to the UAE, including the exclusive right to operate air taxi services in Dubai, which the company expects to start as early as next year. The agreement also unlocks the potential for inter-emirate air taxi services, for example between Abu Dhabi and Dubai.

His Excellency Mohamed Ali Al Shorafa, Chairman of DMT, commented on the agreement, saying: "Abu Dhabi aims to spearhead the advancement and implementation of the next era of advanced mobility solutions. Through the Emirate’s SAVI cluster and this visionary partnership with Joby, we are not only laying the foundation for cutting-edge air taxi services but also shaping the future of transportation; igniting a journey where the sky is no longer the limit, but the beginning of endless possibilities. We look forward to seeing their innovative aircraft take-off from the UAE capital, offering the world a glimpse, through Abu Dhabi, of what the future of mobility looks like.”

His Excellency Ahmed Jasim Al Zaabi, Chairman of ADDED, said: “The development of an advanced industrial and manufacturing base is a core driver of Abu Dhabi’s ‘economic diversification 2.0’ agenda as outlined by the Abu Dhabi Industrial Strategy (ADIS), which is strengthening the Emirate’s position as the region’s most competitive industrial hub by increasing access to financing, enhancing ease of doing business, and attracting foreign direct investment. Smart and autonomous vehicles in particular are experiencing rapid growth, buoyed by the launch of the SAVI cluster, which leverages Abu Dhabi’s world-class infrastructure to scale the operations of global companies. Joby’s expansion into Abu Dhabi is a testament to the success of this strategy.”

H.E. Mohamed Khalifa Al Mubarak, Chairman of DCT Abu Dhabi, said: “The MoU aligns seamlessly with our Tourism Strategy 2030, which underscores our steadfast commitment to fostering sustainable growth and strategic development in the travel and tourism sector. As part of our focus on infrastructure and mobility, we are collaborating closely with both government and private sectors to harness smart city initiatives and sustainable technologies. Through the adoption of green transportation solutions, we aim to enhance the quality of experiences offered to both our community and visitors. The introduction of scale air taxi services marks a significant addition, enhancing accessibility to natural attractions, tourist hotspots, and architectural landmarks, thereby elevating overall visitor experiences.”

JoeBen Bevirt, founder and CEO, Joby Aviation, said: “Today’s agreement demonstrates the incredible momentum behind the adoption of clean flight across the UAE. We’re looking forward to delivering a fantastic experience for our future customers in Abu Dhabi and we’re excited to be unlocking the potential for zero-emissions flight between Abu Dhabi and Dubai. We’re grateful for the support and collaboration of our governmental partners and the entire ecosystem in Abu Dhabi and we remain deeply impressed by their commitment to building out a world-class aviation ecosystem in the Emirate.”

Joby’s aircraft, which is on display for the first time in Abu Dhabi at the DRIFTx event in Yas Marina, is designed to carry a pilot and four passengers at speeds of up to 200 miles per hour (321 km/h) with zero operating emissions and a remarkably low acoustic footprint. Its maximum range of 100 miles (161 km) would enable fast and clean air travel both within Abu Dhabi and across the wider UAE, with a journey from Abu Dhabi to Dubai taking around 30 minutes compared with around two hours by car during rush hour.

Joby has been working closely with the General Civil Aviation Authority (GCAA) of the UAE to define a path to support the region in becoming world leaders in the introduction of air taxis. The GCAA regulatory framework builds upon FAA standards with additional company testing and analysis alongside a high level of regulator oversight and an ongoing review process to ensure safety for early operations. Inter-emirate travel would require additional approval from the GCAA.

In November 2023, Joby’s aircraft became the first electric air taxi to fly in New York City, building on a number of recent successes including the launch of production at the Company’s initial manufacturing facility in California in June 2023 and the first ever delivery of an electric air taxi to the U.S. Department of Defense in September 2023. In February 2024, Joby confirmed it had completed the third of five stages required to receive type certification for its aircraft from the US Federal Aviation Administration. Joby is listed on the New York Stock Exchange and has raised more than $2 billion of funding to date, including investments from Toyota, Delta Air Lines, SK Telecom, Uber and Baillie Gifford.

Running from 25-26 April 2024 at Yas Marina Circuit, Abu Dhabi, DRIFTx is an international thought-leadership and exhibition platform dedicated to advancing the future of smart, autonomous, and sustainable mobility across air, land, and sea. Supported by the Abu Dhabi Investment Office (ADIO) and Abu Dhabi’s SAVI cluster, DRIFTx is a leading global event to showcase the latest in advanced urban mobility, driving discussions, collaboration, and innovation across the sector.

Media assets, including footage of Joby’s aircraft in flight and photos from the signing ceremony, are available here.

About Joby

Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. To learn more, visit www.jobyaviation.com.

Forward Looking Statements

This release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the development and performance of our aircraft, our regulatory outlook, progress and timing; our planned operations in Dubai and Abu Dhabi, including our expectation to start commercial passenger service as early as 2025, potential routes and our path to certification in the UAE; our business plan, objectives, goals and market opportunity; plans for, and potential benefits of, our strategic partnerships, including financial support, exclusivity and other expected benefits from our Memorandum of Understanding with Department of Municipalities and Transport - Abu Dhabi, the Abu Dhabi Department of Economic Development and the Department of Culture and Tourism - Abu Dhabi ; and our current expectations relating to our business, financial condition, results of operations, prospects, capital needs and growth of our operations. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including: our ability to launch our aerial ridesharing service and the growth of the urban air mobility market generally; our ability to produce aircraft that meet our performance expectations in the volumes and on the timelines that we project, and our ability to launch our service; complexities related to obtaining certification and operating in foreign markets; the competitive environment in which we operate; our future capital needs; our ability to adequately protect and enforce our intellectual property rights; our ability to effectively respond to evolving regulations and standards relating to our aircraft; our reliance on third-party suppliers and service partners; uncertainties related to our estimates of the size of the market for our service and future revenue opportunities; and other important factors discussed in the section titled “Risk Factors” in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on February 27, 2024, and in future filings and other reports we file with or furnish to the SEC. Any such forward-looking statements represent management’s estimates and beliefs as of the date of this release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

About the Department of Municipalities and Transport (DMT)

Established in 2019, the Department of Municipalities and Transport – Abu Dhabi (DMT) was created by merging the Department of Urban Planning and Municipalities with the Department of Transport.

Our mandate is simple: devise, deliver, and develop services that enable the entire Abu Dhabi community to realise its full potential, as well as strengthen the Emirate’s reputation as world-class destination to live, work, and visit. Empowered by the values of good governance, we actively support the Abu Dhabi government's ambition to spearhead progressive urban planning and transportation that result in economic growth and transformative investments across the Emirate.

From infrastructure, facilities and transportation to pedestrian and cycling pathways, parks, schools, places of worship, and more, DMT strives to meet every resident's needs and enhance their overall quality of life.

We achieve this by providing efficient services across three regional municipalities - Abu Dhabi, Al Ain and Al Dhafra – in addition to overseeing the ongoing development of the Emirate’s land, air, and maritime transport networks.

Driven by innovation and sustainability, we aim to build smart cities, adapt to change, and sustain prosperity for future generations across the Emirate of Abu Dhabi.

www.dmt.gov.ae/en

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Contacts

Joby Aviation

Investors:

investors@jobyaviation.com

Media:

press@jobyaviation.com