Press Releases

Loft Orbital and Marlan Space Join Forces to Create First Satellite Production Company in the Middle East

SAN FRANCISCO-Abu Dhabi-based Marlan Space, a new space company affiliated with International Holding Company (IHC), has established a joint venture with Loft Orbital to form Orbitworks, the Middle East’s first private space infrastructure company. Orbitworks marks a significant milestone in…

Orbital EOS Participates in an EMSA Project for Search, Rescue, and Environmental Control

The Valencia-based company Orbital EOS has joined a consortium along with the Environmental Hydraulics Institute of the University of Cantabria (IHCantabria), which will lead the contract, Inteco Astur, and the Institute of Marine Sciences (ICM) of the Spanish National Research…

Mohammed Bin Rashid Innovation Fund (MBRIF) Welcomes Latest Cohort of Innovators to Join its Innovation Accelerator Program

Dubai, UAE – 05 June 2024: Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative launched by the UAE Ministry of Finance to support innovation in the UAE, has announced the selection of entrepreneurs for Cohort 8 of its Innovation Accelerator…

MBRIF and AzurX Forge Strategic Partnership to Propel Innovation in the Space Sector

Dubai, UAE – May 30th, 2024 – Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative launched by the UAE Ministry of Finance to support innovation in the UAE, has announced a strategic partnership with AzurX, a leading private space and satellite…

PIF launches Neo Space Group (NSG) to boost Saudi Arabia’s satellite and space industries

RIYADH, 27 May 2024 – PIF today announced the establishment of the Neo Space Group (NSG), a wholly owned PIF company that will become a national champion in the satellite and space sector. NSG will enhance the space and satellite…