(CercleFinance.com) – The Navya share outperformed the Paris market on Friday morning, the manufacturer of autonomous shuttles having signed a memorandum of understanding with the Kingdom of Bahrain.
The company points out that the protocol, concluded with the kingdom’s Ministry of Transport and Telecommunications, aims to support the deployment of autonomous vehicles in the country.
In a statement, Navya explains that the Kingdom of Bahrain is seeking to direct its investments towards “innovative high-flying” technologies allowing it to reduce its carbon emissions.
More specifically, the agreement provides a framework to identify and deploy autonomous shuttles for many use cases to improve the public transport network.
The agreement comes in the wake of the country’s long-term economic development plan, dubbed ‘Bahrain Economic Vision 2030’.
Around 9:30 a.m., Navya shares gained 2% when the Paris market rose by around 0.8%.