Saudi Arabia, South Korea sign deal to boost cooperation in space sector
A memorandum of understanding was signed at the SSA's headquarters in Riyadh, marking a significant step in strengthening bilateral ties between Saudi Arabia and South Korea in space exploration and technology development.
The agreement is in line with the Saudi Space Agency's broader mission to support the Kingdom's Vision 2030 goal of becoming a global leader in space exploration.
It also seeks to contribute to the nation's scientific and economic growth through innovation and technological advancements in space.
The MoU comes as part of Saudi Arabia's growing commercial space sector, which is primarily driven by the private sector.
Over 250 companies are currently operating in the country, emphasizing the strong involvement of the private sector. Additionally, more than 20 government agencies regulate and support the industry, according to recent findings by SpaceTech in Gulf.
Mohammed Al-Tamimi, CEO of the Saudi Space Agency, emphasized that the agreement reflects the Kingdom's ongoing commitment to enhancing international cooperation in space.
He stated that the SSA values such global partnerships, viewing them as essential for advancing technological capabilities and growing the space economy. Al-Tamimi underscored that the MoU will foster collaboration by integrating the expertise of both Saudi and Korean space professionals.
The terms of the agreement outline key areas of collaboration, including the development of deep space technologies, manned flight programs, satellite launches, and payloads. The MoU also sets out to strengthen capabilities in space sciences and engineering, facilitate the exchange of knowledge, and enhance expertise in advanced space applications.
Moreover, the agreement seeks to advance space research and technical development, while fostering an environment conducive to investment in the space sector. This partnership is expected to contribute to the growth of the space economy and improve the global standing of both Saudi Arabia and South Korea.
In September, Al-Tamimi led the Saudi delegation to the fifth G20 Space Economy Leaders Meeting in Foz do Iguacu, Brazil, where he highlighted Saudi Arabia's advancements in space exploration.
He also emphasized the Kingdom's commitment to using space technology for sustainable development and climate change mitigation. During the meeting, he participated in discussions on innovation, entrepreneurship, and the role of space in addressing global challenges, further showcasing the Saudi Space Agency's efforts to improve infrastructure, attract investment, and leverage space technology for sustainable progress.
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