Search Site

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Marakeb first firm to develop maritime applications in SAVI cluster

The SAVI cluster is located in Masdar City.
  • Marakeb is a technology provider for aerial, ground, and marine applications that has developed and manufactured solutions in the UAE for the past 15 years.
  • Marakeb will be able to test new technologies at the cluster’s sea testing zone in Mussafah Port, which houses a port and the Abu Dhabi Maritime Academy.

Abu Dhabi, UAE — The Abu Dhabi Investment Office (ADIO) announced that Marakeb Technologies will become the first anchor company to develop maritime applications in the Emirate’s new smart and autonomous vehicle industry (SAVI) cluster.

Centred in Masdar City, the cluster provides facilities and value-added services within an enabling regulatory environment to support innovation and the commercialization of advanced technologies for air, land, and sea mobility applications.

Marakeb is a technology provider for aerial, ground, and marine applications that has developed and manufactured solutions in the UAE for the past 15 years.

Marakeb will be able to test new technologies at the cluster’s sea testing zone in Mussafah Port, which houses a port and the Abu Dhabi Maritime Academy. The company, which currently exports to over 10 countries, will also benefit from the cluster’s global logistics integration.

Badr Al Olama, Acting Director-General of Abu Dhabi Investment Office (ADIO), said, “The Emirate’s SAVI cluster launches with immediate scale and will bring about a new wave of solutions in the field of autonomy across air, land and sea. The addition of companies like Marakeb will also be a catalyst for the growth of related industries, both within and beyond the cluster, boosting the local industrial base and knowledge economy.”

Abu Dhabi is developing an extensive multi-modal cluster designed to transform the direction of smart and autonomous vehicles across air, land and sea. SAVI will house academia, sandboxes, R&D labs, testing and certification facilities, large-scale workshops, hangars, manufacturing facilities, and global logistics integration. Underpinning all operations are the local regulators establishing an enabling regulatory framework across air, land, and sea applications.