Oman's new hybrid-electric plane to reshape intra-city travel
The collaboration aims to build an intelligent, scalable urban air mobility ecosystem tailored to Oman's evolving transport needs.
At the heart of this partnership is Shuttle, AeroVecto's flagship hybrid-electric VTOL aircraft, engineered for short-range, high-capacity public transport within and between cities. Designed with regional climate resilience, passenger comfort, and operational efficiency in mind, Shuttle is poised to reimagine intra-city mobility across the Sultanate and the wider GCC.
Under this collaboration, LYNEports will provide its AI-powered planning platform to simulate, design, and optimise a robust network of vertiports for Shuttle operations.
This includes site selection, airspace modeling, environmental analysis, and transport integration — ensuring that each vertiport meets aviation-grade standards of safety, regulatory compliance, and scalability.
'We're excited to support AeroVecto in bringing their innovative vision to life,' said Rasha Alshami, CEO of LYNEports.
'Their commitment to solving real public transport challenges in the region aligns perfectly with our mission to make advanced air mobility infrastructure accessible, safe, and thoughtfully designed from day one.'
Fahad Al Riyami, CEO of AeroVecto, added: 'Our vision is to make high-capacity aerial commuting a practical and sustainable reality for cities across Oman and the GCC. Partnering with LYNEports allows us to fast-track the planning and implementation of our Shuttle network with world-class precision and foresight.'
The partnership will initially focus on feasibility assessments and integrated simulations for urban corridors in Muscat, Sohar, and Salalah. Long-term plans include supporting Oman's national strategy for green mobility and smart city infrastructure as outlined in Vision 2040.
By uniting cutting-edge aircraft technology with digital infrastructure innovation, LYNEports and AeroVecto aim to position Oman as a regional front-runner in urban air mobility.
© Muscat Media Group Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
an hour ago
- Zawya
GCC stocks rally in June on easing Middle East tensions
Stock markets in the Gulf Cooperation Council (GCC) region rallied in June on the back of easing tensions and positive investor sentiment. The S&P GCC Composite Index posted a 3% gain during the month, led by equities in Kuwait and Dubai. The positive trend was primarily driven by the de-escalation of geopolitical tensions in the Middle East, as well as global optimism, according to Kuwait Financial Centre (Markaz). Leading the rally, Kuwait's All Share Index surged by 4.2% last month, pushing its year-to-date (YTD) gains to 14.8%, while Dubai's equity index rose 4.1% for the month. Kuwait's star performers were the consumer staples and real estate sectors, which went up by 9.1% and 7.7%, respectively. Banks also performed well, including Kuwait International Bank and Burgan Bank, which rose by 15.9% and 8.7%, respectively. Dubai's equity index was supported by strong performances from its blue chips, including Dubai Islamic Bank and Salik Company, which jumped by 9.9% and 5.8%, respectively. In Abu Dhabi, the equity index rose by 2.8% on the back of gains made by blue-chip stocks, with Abu Dhabi Islamic Bank (12.1%) and Aldar Properties (7.3%) making significant contributions. Qatar's equity market rose by 2.7%, propped up by higher natural gas prices, while Saudi Arabia's equity index went up by 1.6% on the back of broad-based sector strength. (Writing by Cleofe Maceda; editing by Seban Scaria)
Zawya
2 hours ago
- Zawya
PetroApp closes $50mln fund round to accelerate global expansion; IPO plans unveiled
Riyadh: Saudi digital fuel and fleet management platform PetroApp has concluded a $50 million investment round led by Jadwa Investment through its GCC Diversified Private Equity Fund. Bunat Ventures also participated in the fundraising transaction, according to a press release. The funding will accelerate PetroApp's global expansion, advance its initial public offerings (IPO) plans on the Main Market of the Saudi Exchange (Tadawul), and enhance services for retail and government clients. Abdullah Al Kasabi, Chairman of PetroApp and CEO of RZM Investment, welcomed the new investors, calling the deal a 'defining milestone' in PetroApp's institutional journey. Abdulaziz Al Senan, Founder and CEO of PetroApp, said the partnership with Jadwa and Bunat will strengthen the company's foundation and accelerate growth. 'Together, we remain committed to setting new benchmarks in fuel and fleet management innovation, aligning with our customers' evolving expectations and the broader objectives of Saudi Vision 2030,' Al Senan added. From the investors' side, Tariq Al-Sudairy, Managing Director and CEO of Jadwa Investment, highlighted:'PetroApp marks our first investment in the software and services sector in the region.' Adding to this, Elie Al Khoury, Head of Private Equity at Jadwa Investment, said 'The investment aligns with our fund's strategy of backing ambitious management teams leading high-growth, scalable businesses across a diversified range of promising sectors.' Founded in 2018, PetroApp is Saudi Arabia's first independent provider of cashless fuel and fleet management solutions. PetroApp currently serves over 500,000 vehicles and 10,000 corporate and government clients across Saudi Arabia, Egypt, Thailand, and Nigeria, operating through a network of 5,000 fuel stations, and projects revenues exceeding SAR 10 billion in 2025. The platform has expanded beyond core fuel services to include car washes, oil changes, and tire and battery replacements. PetroApp is also investing in AI-powered analytics to enable predictive maintenance and enhance operational efficiency. It is worth highlighting that PetroApp was recently appointed as an approved service provider by the Saudi Authority for Government Procurement and Expenditure Efficiency.
Zawya
2 hours ago
- Zawya
Saudi PIF tops GCC funds on Global SWF assessment
Riyadh: Saudi Public Investment Fund (PIF) led the GCC funds, which manage $5.90 trillion in assets, recording a score of 100% this year, according to Global SWF's governance, sustainability, and resilience (GSR) report. The fund, which was followed closely by Oman's OIA and Abu Dhabi's Mubadala, maintained its leadership in the Middle East for the third consecutive year. The PIF registered an 18% year-on-year (YoY) in assets to SAR 4.32 trillion ($1.15 trillion) during 2024, while the revenues hiked by 25% YoY to SAR 413 billion ($110 billion). This aligns with the fund's commitment to achieving net-zero carbon by 2050, within the framework of the UN Sustainable Development Goals (SDGs). It aims to enhance transparency, resilience, and sustainability. Meanwhile, the PIF contributes to enabling the Saudi sustainability agenda by developing 70% of the Kingdom's renewable energy generation capacity, aiming to increase the share of renewable energy in the total domestic energy mix to 50% by 2030. This anchors the Kingdom's vision of achieving net-zero energy neutrality by 2060 and the PIF's commitment to achieving net-zero energy neutrality by 2050. Through its strategy since 2017, PIF has contributed to the creation of more than 1.1 million direct and indirect job opportunities locally and globally. Earlier in June, the PIF launched its commercial paper (CP) program, which was rated 'P-1' by Moody's and 'F1+' by Fitch. Source: Mubasher
