The company said Thursday that it delivered an export approval certificate on Feb. 25 (local time) in Abu Dhabi to its local joint venture.
Autonomous driving is designated by the South Korean government as a national core technology, requiring prior approval from relevant authorities for overseas exports on technology security grounds. After a review by the Ministry of Trade, Industry and Energy, Autonomous A2Z became the first in the autonomous driving sector to receive export approval, the company said.
Attendees included Ha Jung-woo, senior presidential secretary for AI Future Planning; Choi Young-jun, minister-counselor at the South Korean Embassy in the UAE; and Kim Sang-jin, director at the National AI Strategy Committee, as part of a South Korean special delegation.
Autonomous A2Z Chief Strategy Officer Yoo Min-sang shared the joint venture’s business roadmap and discussed plans for testing and commercialization. Munira Al Marzouki, a managing director at Space42, the joint venture partner, also attended and confirmed the approval certificate.
With the approval, the company plans to deploy in the UAE its self-developed Level 4 autonomous vehicle, ROii, along with various modified vehicles. It aims to win $7.6 million (about 11 billion won) in contracts by the end of this year and generate $78 million (about 110 billion won) in local revenue by 2035. The company said the figures reflect UAE government policy goals, including shifting 25% of Dubai public transportation to autonomous operation by 2030 and a full transition to autonomous driving in Abu Dhabi by 2040.
Chief Executive Han Ji-hyung said autonomous driving is a national strategic industry combining AI, semiconductors, communications, software and urban infrastructure. “This export approval goes beyond one company’s overseas expansion,” Han said. “It shows autonomous driving has entered the global stage as a core technology that will help lead South Korea’s push to become one of the world’s top three AI powers.”
* This article has been translated by AI.
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