Abdul latif jameel and joby agree to explore opportunities for electric aircraft in saudi arabia

Santa cruz, calif. & jeddah, saudi arabia--(business wire)--abdul latif jameel, an 80 year-old network of diversified businesses, and joby aviation, inc. (nyse: joby), a company developing electric air taxis for commercial passenger service, are announcing the signing of a memorandum of understanding (mou) to explore opportunities to establish a distribution agreement in saudi arabia for joby's electric aircraft. this announcement builds upon the renewed economic partnership between the u.s. ad.
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