Neo Space Group to Acquire UP42 Earth Observation Platform from Airbus
Neo Space Group (NSG), a Public Investment Fund (PIF)-owned company and Saudi Arabia’s leading commercial space services provider, has announced a definitive agreement to acquire Airbus Defence and Space’s UP42, a next-generation Earth observation digital platform. The acquisition is subject…
Orbital EOS renews an agreement with a Saudi company to detect oil spills in the Red Sea and the Persian Gulf
The Valencian company Orbital EOS has signed a new collaboration agreement with the Saudi public company SIRC (Saudi Investment Recycling Company) to renew the oil spill monitoring service based on satellite imagery in the territorial waters of the Persian Gulf…
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…
Flat6Labs Announces Investment in SARsatX, Space Tech Startup in KSA and UAE
Flat6Labs, the leading seed and early-stage venture capital firm in the MENA region, has announced its investment in SARsatX, a promising Space Tech startup based in Saudi Arabia and the United Arab Emirates. SARsatX is a standout participant in Cycle…
Gulf Cooperation Council Unites for Space Exploration: Workshop Highlights Regional Collaboration
The General Secretariat of the Cooperation Council for the Arab States of the Gulf recently organized a pivotal workshop titled “Cooperation in the Field of Space,” aimed at fostering collaboration among Gulf nations in space exploration and development. The workshop,…
NASA Administrator’s Diplomatic Mission: Fostering International Space Collaboration
NASA Administrator Bill Nelson is set to embark on a diplomatic mission to strengthen international collaboration and promote the peaceful exploration of space. Beginning Thursday, Nelson will visit Italy, Vatican City, and Saudi Arabia to engage with key government and…
Saudi Space Agency and World Economic Forum to Launch Centre for Space Futures
Saudi Space Agency is partnering with the World Economic Forum to establish the Centre for Space Futures, slated to open in autumn 2024. This initiative aims to facilitate public-private dialogues on space collaboration, integrate best practices from the Forum and…
US Embassy Celebrates 248th Independence Day with Shared US-Saudi Vision for Space Exploration
The US Embassy in Riyadh celebrated the 248th anniversary of Independence Day with a reception hosted by Ambassador Michael Ratney. The event, attended by guest of honor Prince Faisal bin Abdulaziz bin Ayyaf, Riyadh Region mayor, highlighted the future of…
Orbital EOS Designs Gaia, the World’s Best AI in Hydrocarbon Spill Detection, with 98% Accuracy in Predictions
Valencian company Orbital EOS has designed Gaia, the world’s best artificial intelligence tool for satellite detection of hydrocarbon spills in the ocean, with nearly 98% accuracy in its predictions. Pablo Benjumeda, Director of Operations at Orbital EOS, explains that their…
New Regulations Open Up Space for Earth Observation (EO) Businesses
The Communications and Space Technology Commission (CST) has launched an initiative to boost the Kingdom’s space sector and economy. They’ve issued two key documents: Goals of the Initiative The application document emphasizes the importance of user rights, secure data trading,…