Eliot and Asasat Development and Real Estate Development Company have formalized a Strategic Memorandum of Understanding (MoU), marking an important milestone in the expansion of international collaboration in advanced air mobility and high-technology development.
This agreement reflects the shared ambition of both organizations to align technical excellence with long-term strategic vision. Through this partnership, the two entities will jointly explore opportunities in industrial innovation, research and development and the localization of advanced technological capabilities within the Kingdom of Saudi Arabia.
The collaboration is designed to foster sustainable technological growth, strengthen industrial capabilities and support the development of forward-looking solutions that contribute to regional progress.
Both Asasat and Eliot are committed to building a responsible, future-oriented partnership that delivers lasting value and supports the advancement of innovation across the region.
