September 19, 2024
Saudi Arabia plans space industry transformation
Saudi Arabia’s sovereign wealth fund-backed Neo Space Group (NSG) is looking to lease multi-orbit capacity to bolster its foothold in the satellite market, ahead of likely owning and operating its own constellation.Saudi Arabia’s Public Investment Fund (PIF), one of the world’s largest sovereign wealth funds, created NSG in May as part of plans to become a major force in space and further diversify its economy from oil. Saudi Arabia Martijn Blanken, Neo Space Group CEO, speaking at World Satellite Business Week in Paris Sept 17 Photo Credit: NSG / Novaspace / World Satellite Business Week More details »
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