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FinancialNews
20-02-23
UAE’s Strategic Development Fund to showcase HelioTech at IDEX 2023 in Abu Dhabi
(MENAFN) UAE-located aviation company Helio Aviation Technologies concentrating on designing and producing aircraft is set to offer its most recent solutions at the International Defense Exhibition and Conference that launches on the 20th of February in Abu Dhabi.
UAE’s Strategic Development Fund, the investment arm of Tawazun Council, has declared that HelioTech, one of its most recent additions to its project investment portfolio, is going to concentrate on the design and production of its own proprietary as well as unique vertical take-off and landing aircraft for commercial as well as security applications.
It asserted that HelioTech is going to firstly focus on the improvement and output of manned and unmanned single-engine helicopters utilizing coaxial technology.
At the IDEX, which is going to run up to the 24th of February, HelioTech is going to be showcasing a collection of its outputs for the non-civilian market at SDF’s stand within the Tawazun Council pavilion, as reported by WAM.
“The launch of HelioTech is a significant step in advancing the UAE’s aviation, defense and security industry and will contribute to the growth and diversification of Abu Dhabi’s economy,” according to Tareq Abdulraheem Al Hosani, secretary general of Tawazun Council.
MENAFN20022023000045014228ID1105600036
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