Riyadh - Sharikat Mubasher: Skyroads, a leading developer of automated airspace management and vehicle guidance systems based in Munich, plans to establish a manufacturing facility in Riyadh with an investment of $200 million, according to CEO Corvin Huber.
The expansion into Saudi Arabia was driven by the Kingdom’s efforts to create a supportive environment for innovation and development, as well as its robust political and financial infrastructure, Huber stated in an interview with Al Eqtisadiah newspaper on the sidelines of the Saudi Drone Exhibition 2025.
He clarified that a consortium led by Skyroads plans to invest between $600 million and $800 million in manufacturing facilities across Saudi Arabia, with further plans to invest in multiple Saudi cities.
Huber noted that developing an airspace management system for air taxis will require investments ranging from $1 billion to $2 billion.
Skyroads also aspires to attract young talent to contribute to shaping the future of the air transport industry in Saudi Arabia over the coming decades.
The company develops an automated airspace management and vehicle guidance system to guide passenger and cargo drones over densely populated urban areas, even in challenging environments. Its system enables urban air transport to scale safely and efficiently by paving an approvable path to automation.
