logo
Dubai: Expect driverless ride sooner; RTA aims for 25% of trips to be autonomous by 2030

Dubai: Expect driverless ride sooner; RTA aims for 25% of trips to be autonomous by 2030

Khaleej Times2 days ago
Dubai is gearing up to bring self-driving cars to its roads, with the emirate taking another step on the way before begining the pilot trials of autonomous vehicles later this year.
The initiative marks a major step toward launching a fully driverless commercial service in 2026.
The Roads and Transport Authority (RTA) has signed a Memorandum of Understanding (MoU) with Pony.ai, a global leader in autonomous driving technology, to spearhead the pilot programme in the emirate.
Pony.ai, which has developed its seventh-generation autonomous vehicles in collaboration with major automotive giants including Toyota, GAC, and BAIC, brings advanced artificial intelligence systems and a robust sensor suite—comprising lidars, radars, and cameras—to ensure safe and accurate navigation under diverse road and weather conditions.
The company has also teamed up with tech powerhouses like Tencent and Alibaba to integrate its robotaxi services into everyday digital platforms such as WeChat and Alipay, aiming for seamless access to smart mobility solutions.
The upcoming trials are part of Dubai's broader strategy to become a global leader in smart mobility and sustainable transport.
Significant step
Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of Dubai's Roads and Transport Authority (RTA), stated that the RTA's ongoing efforts to expand partnerships with leading global companies in autonomous mobility represent a significant step toward realising the Dubai Smart Self-Driving Transport Strategy.
The strategy aims to convert 25 per cent of all trips in Dubai into autonomous journeys across various modes of transport by 2030.
He said, 'The operation of autonomous taxis contributes to the integration of transport systems by facilitating the movement of public transport users and improving access to their final destinations in line with the first and last-mile strategy. Operating autonomous taxis will enhance the quality of life for residents and visitors in Dubai, improve road safety, and offer greater convenience in daily mobility across the emirate.'
'Autonomous mobility has become a present reality. Leading global companies are accelerating the development of technologies and software that power autonomous vehicles, while governments—through the relevant licensing and regulatory authorities—are working to provide the necessary infrastructure and establish the legislative and regulatory frameworks required to enable their operation,' added Al Tayer.
Intelligent transportation
Pony.ai CFO Dr Leo Wang highlighted the regional significance of the partnership.
"The collaboration with Dubai RTA exemplifies our commitment to deploying Level 4 autonomous technology in strategic global markets. By aligning our technological capabilities with RTA's visionary leadership, we're establishing foundational standards for intelligent transportation ecosystems across the MENA region,' added Wang.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

UAE sees $34 billion crypto surge as clear regulations, zero-tax policies attract investors: Report
UAE sees $34 billion crypto surge as clear regulations, zero-tax policies attract investors: Report

Al Etihad

time5 hours ago

  • Al Etihad

UAE sees $34 billion crypto surge as clear regulations, zero-tax policies attract investors: Report

8 July 2025 00:30 Khaled Al Khawaldeh (Abu Dhabi) The UAE has pulled in $34 billion in crypto inflows between July 2023 and June 2024, representing a 42% year-on-year growth and positioning the Emirates among the world's leading markets for digital currencies, according to a new report by blockchain solutions provider Mining Grid. The report, titled 'The Middle East Cryptocurrency Landscape 2025', highlights how the country's forward-thinking approach to regulation, combined with its zero-tax environment for digital asset transactions, has unlocked unprecedented growth. 'The UAE's clear regulations and zero capital gains tax have created the perfect environment for crypto growth,' said Solaiman AlRifai, Founder and Board Member of Mining Grid.'With an engaged and forward-looking population, it's no surprise the country is now seen as the crypto capital of the Arab world.'Mining Grid's data shows that over 93% of the region's total crypto inflows – amounting to $338.7 billion across the Middle East during the same period – came from large, institutional-sized transfers. It says that this signals that regional markets are increasingly focused on long-term strategies rather than speculative, high-risk the Middle East now ranks as the seventh-largest crypto market, and the UAE's contribution has been pivotal in this growth. The reports analysts point to the country's clear legal frameworks, sophisticated financial infrastructure, and Web3 adoption as central factors in attracting both retail investors and major youth's interest in the market was identified as a key driver of the UAE's crypto boom. The Mining Grid report found that over 74% of Emiratis and expatriates aged 25-34 have shown active interest in media platforms were said to be central to this youth movement with the convergence of viral video trends, instant messaging communities, and on-demand crypto education empowering a new generation to enter the digital asset space with unprecedented this rapid growth come important challenges. Nearly half of young crypto users surveyed have expressed concerns about misinformation spreading across social media channels. The report warns that misleading claims or poorly understood advice can expose inexperienced investors to scams or unsustainable strategies. This presents a critical opportunity for trusted platforms, licensed exchanges, and educators to establish themselves as reliable sources of knowledge, fostering responsible engagement is also deepening. Mining Grid's data suggests that a rising number of UAE-based family offices and investment firms are now incorporating crypto allocations into their portfolios, reflecting growing confidence in the market's stability. This institutional participation has helped shift perceptions of cryptocurrencies in the Emirates from speculative instruments to viable components of diversified investment UAE's success is closely tied to its commitment to building a comprehensive crypto ecosystem. Recent regulatory milestones include frameworks set by the Dubai Virtual Assets Regulatory Authority (VARA) and Abu Dhabi Global Market's Financial Services Regulatory Authority (FSRA), which have both established robust guidelines for licensing exchanges, digital asset custodians, and token issuers. 'The UAE has created the ideal environment where curiosity meets clarity. We're seeing a new generation that doesn't just want to invest in crypto but wants to understand it, build with it, and lead its next chapter,' said Rami Alsridi, Founder and CEO of Mining Grid.

Abu Dhabi Islamic Bank mobilises $4.63bn in sustainable finance, leads region in green sukuk
Abu Dhabi Islamic Bank mobilises $4.63bn in sustainable finance, leads region in green sukuk

Arabian Business

time5 hours ago

  • Arabian Business

Abu Dhabi Islamic Bank mobilises $4.63bn in sustainable finance, leads region in green sukuk

Abu Dhabi Islamic Bank (ADIB) announced it has mobilised AED17bn ($4.63bn) in sustainable finance by the end of 2024, marking major progress toward its AED60bn ($16.3bn) commitment by 2030. The milestone was detailed in the bank's newly released 2024 Sustainability Report, which outlines ADIB's environmental, social, and governance (ESG) progress in line with the UAE Net Zero 2050 and UAE 2031 national strategies. ADIB became the first Islamic bank in the region to publish sector-specific financed emissions targets, focusing on six high-emission sectors including real estate, utilities, and home finance. Abu Dhabi Islamic Bank These interim 2030 targets align with IEA Net Zero scenarios and the UAE's national decarbonisation goals. The report also showcases ADIB's: Double materiality assessment aligned with European Sustainability Reporting Standards (ESRS) First Green Sukuk allocation and impact report for its $500m green issuance Allocation of 90 per cent of Green Sukuk proceeds toward renewable energy, energy efficiency, and sustainable water infrastructure, resulting in 607,000 tonnes of avoided annual emissions Mohamed Abdelbary, Group Chief Executive Officer at Abu Dhabi Islamic Bank, said: 'Putting sustainability at the heart of what we do is one of the three key pillars of our 2035 vision. We're proud of the progress we're making, and how we're using our financing to contribute to the transition of our customers and the economy. 'Our latest sustainability disclosures reflect our steadfast commitment to ethical, inclusive, and climate-aligned banking. From leading the region in green sukuk to setting the benchmark on sectoral decarbonisation, we are taking decisive steps toward a low-carbon future'. Abu Dhabi Islamic Bank reported an 87 per cent reduction in Scope 1 emissions and a 3.51 per cent drop in Scope 2 emissions compared to 2022. These gains are attributed to continued investments in energy efficiency, electrification, and operational optimisation. The bank's double materiality approach ensures that it evaluates not only how sustainability affects business performance but also how ADIB's operations impact people, planet, and economy—in line with global best practice for corporate sustainability disclosures. Beyond environmental goals, ADIB strengthened its social impact commitments:

UAE Central Bank fines exchange houses $1.12m for anti-money laundering violations
UAE Central Bank fines exchange houses $1.12m for anti-money laundering violations

Arabian Business

time5 hours ago

  • Arabian Business

UAE Central Bank fines exchange houses $1.12m for anti-money laundering violations

The Central Bank of the UAE has imposed financial penalties totalling AED4.1m ($1.12m) on three exchange houses for failing to comply with anti-money laundering (AML) and counter-terrorism financing (CFT) regulations. The sanctions, issued under Article (14) of Federal Decree Law No. (20) of 2018, follow detailed examinations by the Central Bank, which found significant compliance shortcomings. These included deficiencies in implementing adequate AML/CFT procedures and policies intended to detect and prevent illicit financial activity. CBUAE fines The action is part of the CBUAE's broader mandate to supervise and regulate financial institutions across the United Arab Emirates, ensuring they operate in accordance with local laws and the highest international standards. By holding exchange houses accountable, the Central Bank aims to maintain transparency, financial stability, and compliance with global AML/CFT frameworks.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store