Terra Drone Corporation has secured $14 million in funding from Wa'ed Ventures. With this funding, Terra Drone intends to create a new subsidiary in the Kingdom of Saudi Arabia, Terra Drone Arabia, in accordance with the Saudi government's “Vision 2030".

Terra Drone Corporation is a provider of cutting-edge drone and urban air mobility (UAM) technologies, while Wa'ed Ventures is the venture capital arm of the world's largest oil producer, Aramco. Indeed, Terra Drone is the first startup Asian to obtain funding from Wa'ed Ventures. With this funding, the company plans to create a new subsidiary for its operations in Saudi Arabia to conduct drone surveys, inspections, and unmanned traffic management (UTM) in the country.

In reality, the “Vision 2030" reform plan aims to stimulate economic transformation in Saudi Arabia by reducing the country's dependence on hydrocarbons. It was first announced in 2016. Terra Drone will support a new subsidiary by drawing on the full range of commercial experiences of Terra Drone in Global, the world's leading provider of drone solutions in the fields of investigation, inspection and unmanned traffic management (UTM).