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On Thursday, at the Dubai Air Show, Sheikh Rashid Bin Humaid Al Noaimi, Emir of Ajman Municipality in the UAE, signed a letter of intent to purchase what will be the fastest executive jet ever. Of course, as the leader of an Emirate, his need for an $80 million dollar jet is clear. Still, he felt compelled to offer this explanation for the purchase, "For me, speed confers great advantages. It will simply speed up the pace of business activities, and allow me to take key business associates to more places, discussing more opportunities."

CGI of Aerion's Jet

The jet, designed by Aerion, a U.S. company, will trump the world's current fastest jet, the Cessna Citation X (capable of mach .92). Aerion expects to begin delivering completed jets in 2014; you can reserve yours now for $250,000.

In the Persian Gulf, an $80 million dollar jet is a relative bargain. Earlier this year, a Saudi billionaire spent a purported $400 million on an Airbus A380, the world's largest passenger plane. Once Airbus finishes customizing the 6,000 sq. ft. plane it could include options like a movie theatre and Jacuzzi.

Lee Nunley
Middle Eastern Innovations Writer
InventorSpot.com