Saudi Arabia is moving ahead with its plans for Advanced Air Mobility with the General Authority of Civil Aviation (GACA) signing an agreement with US-based Archer Aviation. The collaboration aims to develop a regulatory path for electric vertical take-off and landing (eVTOL) air taxis in the Kingdom. The first routes are expected to connect Riyadh and Jeddah, and service the nation’s giga-projects like Red Sea Global.
Archer Aviation (NYSE: ACHR) has completed the first phase of its acquisition of control over Hawthorne Airport, a key Los Angeles aviation asset. This initial step involves the acquisition of the master lease and associated subleases, giving the company control of the airport's real estate. Archer plans to use the 80-acre site as the operational hub for its planned L.A. air taxi network, including operations for the LA28 Olympic & Paralympic Games.
Mawani, the Saudi Ports Authority, has finalised a SAR 29 million contract with Q Saudi for the development and operation of an integrated logistics centre at Yanbu Commercial Port. The new facility, covering 120,490 square metres, is a key component of the National Transport and Logistics Strategy, designed to elevate Saudi Arabia's global logistics standing. The project is expected to deliver significant economic returns, including attracting crucial investments from international logistics firms and creating new employment opportunities. Additionally, it will boost cargo handling volumes and enhance the overall operational efficiency of the Yanbu Commercial Port, a long-established gateway on the Red Sea.
Colliers has launched the exclusive investment offering of a ±295-acre industrial development site adjacent to the Paso Robles Municipal Airport on California’s Central Coast. The land is strategically positioned within the City's proposed "Tech Corridor" and is one of the largest parcels available for manufacturing, logistics, aerospace, and technology operations. The potential for an FAA spaceport license at the airport is driving the region's transformation from a wine centre to a hub for innovation and advanced manufacturing.
Travel technology company Amadeus is integrating SmartRyde, a leading Japanese provider of pre-booked airport transfers, into its platform. SmartRyde's service, which spans over 1000+ airports globally, will be available through Amadeus Transfers from next month. The initial launch will target travel sellers in Japan and South Korea. The partnership aims to simplify ground transportation, allowing travel agents to offer end-to-end itineraries.
JLL Capital Markets has arranged $107 million in construction financing for ReDiscover Logistics Park, a new 808,448-square-foot industrial scheme in Phoenix. The loan, secured on behalf of ViaWest Group and Barings, will support development across four industrial buildings in the Deer Valley submarket. The site benefits from direct access to Loop 101 and Interstate 17 and proximity to the TSMC mega-plant.
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