Latest news with #NeoSpaceGroup
Leaders
5 days ago
- Business
- Leaders
Neo Space Group Launches Saudi Arabia's 1st Earth Observation Marketplace
Neo Space Group (NSG), a company owned by Saudi Arabia's Public Investment Fund (PIF), has officially launched the Earth Observation (EO) Marketplace, the Kingdom's first dedicated platform for EO data. Developed in collaboration with UP42 – a fully owned subsidiary of NSG – the marketplace addresses the rising demand for advanced Earth observation and geospatial data solutions. Data Providers, Service Experts The EO Marketplace aims to connect a broad ecosystem of EO data providers with value-added service providers, offering users powerful geospatial analytics and data processing capabilities. Additionally, it is tailored to serve public sector agencies, Saudi businesses, and international customers with access to a wide range of high-resolution satellite imagery and EO data products. Described as a 'one-stop shop,' the platform is designed to simplify access to EO solutions, empowering solution developers and service providers while meeting the evolving needs of government entities within Saudi Arabia. Supporting Vision 2030 and Key Economic Sectors The platform is set to broaden the availability of EO data across critical sectors, including: Environment Infrastructure Energy Real Estate Mining Transportation Logistics Agriculture Moreover, this initiative directly supports the objectives of Saudi Vision 2030, which aims to transform the Kingdom's economy and technological landscape. This launch follows NSG's recent acquisition of UP42 GmbH from Airbus, initially announced in December 2024. UP42 is a next-generation digital EO platform that leverages cloud computing to offer streamlined access to and analysis of EO data. Leadership Perspectives on the Launch Martijn Blanken, CEO of Neo Space Group, commented: 'The launch of the EO Marketplace reflects the Kingdom's remarkable trajectory of growth and the increasing demand for EO data. Today, more than ever, EO data plays a pivotal role in supporting Saudi Arabia's transformational Vision 2030 — from infrastructure development and urban expansion to optimized resource management. Given the Kingdom's vast geography, spanning over 2.15 million square kilometers, nearly the size of Western Europe, this platform will serve as both a valuable marketplace and decision-making tool across a wide range of sectors.' Frank Salzgeber, Acting Deputy Governor of the Space Sector at the Communications, Space and Technology Commission (CST), added: 'Value creation is shifting downstream in the EO supply chain, where AI technologies intersect with space data. The market is now at a perfect inflection point.' He emphasized that the platform will boost the adoption of space technologies within the Kingdom while advancing national priorities such as technological innovation, regulatory compliance, and secure infrastructure development. NSG also acknowledged the pivotal role of CST in the platform's development, expressing gratitude for its continuous guidance and support — from licensing and enabling the marketplace to ensuring strategic alignment with national objectives. Related Topics : Neo Space Group Wins Permit for EO Space Platform Service Marriott International to open 3 new properties in NEOM's island destination Sindalah Authority, Saudi Falconry Club Sign MoU for Sustainability Saudi GAMI Participates in Farnborough International Airshow 2024 Short link : Post Views: 13
Arab News
6 days ago
- Business
- Arab News
First satellite data platform launched to advance Kingdom's space economy
JEDDAH: Neo Space Group, a space and satellite communications company under the Public Investment Fund, has launched Saudi Arabia's first dedicated Earth observation marketplace, advancing the Kingdom's space economy. Operated by UP42, a subsidiary of Neo Space Group, the Earth Observation platform was launched to meet the growing demand for high-resolution satellite imagery and space analytics across key sectors. It supports the Kingdom's economic transformation under Vision 2030 by integrating Earth Observation data into sectors such as environment, infrastructure, energy, real estate, mining, logistics, agriculture, and urban planning. Martijn Blanken, CEO of the Neo Space Group, said that the platform reflects increasing demand for space-based intelligence in the Kingdom, according to a Saudi Press Agency report. 'Earth Observation data is essential today,' said Blanken. 'It supports infrastructure development, urban growth, and resource management. With more than 2.15 million sq. km, Saudi Arabia requires scalable, data-driven tools for strategic decisions.' The platform provides access to global data providers and AI-powered services, allowing government agencies, local companies, and international users to acquire and analyze high-resolution imagery and geospatial data through a digital interface. Frank Salzgeber, acting deputy governor for the space sector at the Communications, Space and Technology Commission, called the launch an important step for the Kingdom's space economy. 'Alongside enhancing national capabilities, the platform is expected to accelerate the adoption of space technologies in the Kingdom. It reflects our national priorities: fostering technological innovation, ensuring regulatory compliance, and building secure infrastructure.' The platform follows Neo Space Group's acquisition of UP42 GmbH from Airbus in December 2024. The German company runs a cloud-native Earth observation platform that simplifies satellite data access and processing. Available at the platform lets users search, access, and process satellite data at scale using automated workflows, unified formats, and user-friendly tools. It complies with Saudi regulations and is hosted on secure local infrastructure.
Broadcast Pro
10-07-2025
- Business
- Broadcast Pro
Neo Space Group finalises UP42 acquisition from Airbus Defence and Space
The acquisition strengthens NSG's global geospatial capabilities, accelerating UP42's growth and innovation for customers and partners worldwide. Neo Space Group (NSG), a PIF company and Saudi Arabia's commercial space services provider, has completed its previously announced acquisition of UP42 GmbH, the Earth Observation (EO) platform previously owned by Airbus Defence and Space GmbH. Following the initial announcement in December 2024, UP42 is now formally part of the NSG organisation. This strategic acquisition substantially enhances the capabilities of both organisations. NSG significantly expands its market reach, deepens its technological expertise, and gains access to a broader range of geospatial assets. The transaction also enables UP42 to accelerate its international growth and drive geospatial innovation on a global scale, positioned to deliver even stronger services to its fast-growing customer base and to expand the platform's reach for its partners. Speaking about the acquistion, Martijn Blanken, CEO of Neo Space Group, said: 'We are thrilled to officially welcome UP42 into Neo Space Group. It's a pivotal moment for us, strengthening our position as one of the leading players in the geospatial domain. Together, we're committed to advancing the sector, delivering impactful solutions that power businesses and benefit key industries in Saudi Arabia and worldwide.' UP42's dedication to its customers and partners remains paramount. 'This is an incredibly exciting new chapter for UP42,' added Sean Wiid, CEO of UP42. 'Now a core pillar of the Neo Space Group team, we are strengthening our commitment to continuity and broadening the reach for our valued partners and their geospatial products. Our existing services and dedication to our customers continue unchanged. This union advances our mission to streamline Earth observation data access and management at scale. This helps our customers to solve complex real-world problems and drive positive global impact.' This acquisition directly supports Saudi Arabia's Vision 2030 goals of strengthening national space infrastructure, localising high-tech capabilities, and fostering a thriving commercial space economy.
Arab News
22-04-2025
- Business
- Arab News
PIF's Neo Space Group names Shorog Al-Qurashi as secretary-general
Neo Space Group, a Public Investment Fund company and Saudi Arabia's leading commercial space services provider, has announced the appointment of Shorog Al-Qurashi as secretary-general of the board of directors. With more than 10 years of experience in legal practice, corporate governance, and regulatory compliance, Al-Qurashi is a highly qualified professional who will play a key role in strengthening NSG's governance and supporting the company's long-term strategic goals. Al-Qurashi holds an LL.M. in intellectual property and IT law from University College Dublin and a bachelor of law from King Abdul Aziz University. She is licensed to practice law in Saudi Arabia and has completed several prestigious certifications, including Board Directorship, Lean Six Sigma Green Belt, and Project Management. These qualifications, combined with her leadership abilities, make her a valuable asset to NSG. Before her new appointment, Al-Qurashi was the director of board affairs at NSG and in her previous experience she led various initiatives to improve governance practices including the development of a comprehensive governance framework and the implementation of a governance awareness campaign. Prior to this, Al-Qurashi worked in several leading companies and held high-profile roles, where she designed governance frameworks and supervised risk assessments with board members. In addition to her governance expertise, Al-Qurashi is passionate about education and mentoring. She has taught law at the University of Business and Technology in Jeddah, where she also led several national arbitration competitions. In her new role as secretary-general of NSG's board of directors, Al-Qurashi will be responsible for managing the board's affairs. Her extensive experience will contribute to improving NSG's operational performance and advancing its mission to lead in the space industry.
Broadcast Pro
09-04-2025
- Business
- Broadcast Pro
Neo Space Group and Uzbekistan Airways to launch in-flight connectivity
The collaboration will introduce high-speed satellite-based internet, transforming the passenger experience on Uzbekistan Airways A321neos. Neo Space Group (NSG), a Public Investment Fund (PIF) company and Saudi Arabias provider of commercial space services, has announced a landmark partnership with Uzbekistan Airways to introduce cutting-edge in-flight connectivity (IFC) services aboard the airlines upcoming Airbus A321neo fleet. This initiative marks a major step toward transforming air travel in Central Asia by enabling passengers to access high-speed internet throughout their flights. Beginning in 2026, NSG will equip Uzbekistan Airways' A321neo aircraft with its next-generation IFC solutions, delivering seamless connectivity across both regional and long-haul routes. Enabled by NSGs partnership with SESs Open Orbits multi-orbit satellite network, the service will support streaming, real-time messaging, and in-flight productivityushering in a new era of digital transformation for the airline and the region. Philippe Carette, NSGs Chief Operating Officer and President of NSGs Satellite Communications Division, said: 'Uzbekistan Airways is setting a new standard for in-flight connectivity in Central Asia, and we are proud to be their partner in this journey. NSGs industry-leading satellite technology will enable passengers to enjoy seamless, high-speed internet, redefining how they stay connected in the air. This partnership underscores our commitment to delivering next-generation digital aviation solutions and expanding IFC capabilities in emerging markets.' Shukhrat Khudaykulov, Chairman of the Board of Uzbekistan Airways added: 'As Uzbekistans national carrier, we continuously strive to offer world-class experiences to our passengers. Partnering with NSG to introduce state-of-the-art in-flight connectivity is a major milestone, ensuring that our travellers can stay connected, productive, and entertained throughout their flights. This collaboration marks an important step in our commitment to innovation and enhancing passenger comfort. We believe that staying connected at 35,000 feet is no longer a luxury, but an essential part of the journey, and we are proud to bring this service to our valued passengers.' The rollout of NSGs IFC services on Uzbekistan Airways aligns with broader aviation and digital transformation goals in the region. As global demand for in-flight connectivity continues to grow, Uzbekistan Airways is positioning itself as a technology leader by integrating world-class digital services into its fleet. The implementation is expected to begin in early 2026 with the first A321neo being Line-Fit delivered to offer high-speed IFC services, followed by further A321neos as part of the roll out schedule. NSGs advanced IFC solution combines Display Interactives Skywaves traffic management system with the seamless SkyFly passenger interface, powered by multi-orbit connectivity. Using the SES Open Orbits network, delivers high-speed low-latency internet. NSG also partners with top aerospace firms to offer flexible hardware solutions, enabling efficient IFC deployment.
