Arab News Japan

ABU DHABI: The UAE’s Strategic Development Fund (SDF) signed an initial agreement with Rhode Island-based REGENT Craft to establish a joint venture (JV) for seaglider manufacturing and services in the UAE.

The partnership is subject to regulatory approvals and closing conditions.

The JV will produce REGENT’s all-electric seagliders for markets across the Middle East and beyond while also offering maintenance, repair and overhaul services.

This aligns with EDGE’s focus on aerospace and advanced technologies, supporting the UAE’s industrial growth and supply chain capabilities.

SDF first invested in REGENT in 2023, increasing its stake in 2024 as discussions advanced. Upon finalization, SDF plans further investments to strengthen the partnership.

“SDF’s investment in REGENT Craft reflects our commitment to fostering strategic partnerships and driving technological advancements in key sectors,” Hamad Al Marar, Managing Director & CEO of EDGE Group, said.

REGENT CEO Billy Thalheimer emphasized the UAE’s role in the future of seaglider technology.

“This partnership will make Abu Dhabi a hub for sustainable transportation,” he said.

The deal follows a 2024 MoU between the Abu Dhabi Investment Office and REGENT to support manufacturing within Abu Dhabi’s Smart and Autonomous Vehicle Industry cluster.

Seagliders are all-electric, high-speed vessels designed for coastal transportation, logistics, and defense applications. REGENT is developing a 255,000-square-foot facility in Rhode Island, set to open in 2026, with plans to integrate seagliders into UAE transport networks by 2027.