Barq Group Signs Initial Agreement With Elroy Air to Set Up $200M Joint Venture for Chaparral Manufacturing and Services in Abu Dhabi

Barq Group Signs Initial Agreement With Elroy Air to Set Up $200M Joint Venture for Chaparral Manufacturing and Services in Abu Dhabi

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Jan 8, 2026-

Barq Group Collaborates with Elroy Air to Establish the Joint Venture

Barq Group, one of the leaders in smart mobility and logistics solutions in the MENA region, and Elroy Air, the leading U.S.-based developer of autonomous aerial systems for middle-mile logistics, recently announced the signing of an initial agreement. This collaboration between the parties establishes the framework for a joint venture (JV) that will invest USD 200M to build a state-of-the-art manufacturing facility in Abu Dhabi to produce the C…

Barq Group and Elroy Air to establish Chaparral manufacturing joint venture in Abu Dhabi

Barq Group and Elroy Air signed an initial agreement to form a $200 million joint venture for the manufacturing and servicing of autonomous cargo aircraft in the UAE