Space Economy

Bahrain to Host Sixth Edition of International Space Forum: A Diplomatic and Economic Milestone

The National Space Science Authority (NSSA) of Bahrain, in cooperation with the Italian Space Agency and the International Astronautical Federation, has announced that it will host the sixth edition of the International Space Forum (ISF) on July 2-3, 2024. This…

UAE Space Agency and INNOSPACE Sign Memorandum of Understanding to Enhance Space Commercialization Efforts

The UAE Space Agency and INNOSPACE, a South Korean private spaceflight startup specializing in small satellite launch vehicles, have signed a memorandum of understanding (MoU) to bolster cooperation in space commercialization. The signing ceremony took place in Seoul on May…

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…

Uniting Gulf Countries for Space Leadership: The Imperative for a Regional Body

In the vast expanse of space, collaboration is key. The Gulf region, with its strategic location, rapid economic growth, and burgeoning interest in technology and innovation, is poised to become a significant player in the global space industry. However, as…

A Snapshot of Oman’s Evolving Space Industry: Developing a Robust Space Ecosystem

The Sultanate of Oman is on a transformative path with its long-term development strategy, Oman Vision 2040, aiming to diversify national income sources and reduce dependence on oil and gas exports. At the forefront of this economic renaissance is the…

Saudi Arabia’s Stellar Ascent: A Brief Glance at Space Achievements in 2023

In the realm of space exploration, Saudi Arabia has soared to new heights in 2023, marking a transformative year for the Kingdom’s cosmic endeavors. From historic space missions that included the inaugural Saudi female astronaut to strategic investments propelling private space stations, the nation has positioned itself as a formidable player in the global space arena. This review delves into the significant achievements of Saudi Arabia in 2023, ranging from groundbreaking space missions and strategic investments to visionary partnerships with countries such as India, the United States, South Korea and Egypt.

Emerging Trends in Satellite Technology: A GCC Perspective

On December 14, 2023, the “Emerging Trends in Satellite Technology: A GCC Perspective” webinar illuminated the advancements shaping the satellite industry in the Gulf Cooperation Council (GCC) region. The event delved into topics such as high-throughput satellites, miniaturization, and the…

Some Investment Figures in the Saudi Space Industry

Saudi Arabia’s space aspirations are not just ambitions articulated through words; they are substantiated with significant financial commitments. Here’s a closer look at the figures underscoring the nation’s space drive

Launching the Future: H.H. Azzan Al Said, CEO of NASCOM, Unveils Vision for Etlaq Spaceport at the Forefront of Gulf Space Exploration

Explore the cutting-edge world of Gulf space exploration as Azzan Al Said, CEO of NASCOM, shares insights into the development of the Etlaq spaceport. From strategic partnerships with UK Launch Services Ltd to sustainable practices and regional collaborations, discover the visionary plans shaping the Middle East’s first commercial spaceport.

Interplay Between Space and Oil Industries: A Deep Dive into Global Innovations with Emphasis on Saudi Arabia

The nexus between the space and oil industries illuminates the fascinating adaptability of technology. What was once conceptualized for navigating the mysteries of the cosmos has found its way into the depths of the Earth, aiding the oil and gas…