Saudi Arabia signed an agreement with the World Economic Forum to establish the “Future Space Center” in the country.
The center, a first of its kind, will support growth of economic, research and innovation areas of space.
The Saudi Space Agency signed the agreement on the centre at the special meeting of the World Economic Forum in Riyadh.
The Saudi Space Agency, through the Space Future Center, seeks to enhance cooperation and exchange experiences and knowledge in the field of the global space economy.
The center will also provide access to the Fourth Industrial Revolution community.
The Saudi Space Agency will manage and lead the center in cooperation with the World Economic Forum.
The center will work to achieve many goals, foremost of which is establishing a global platform to maximize the economic and environmental value of the space sector, developing best practices and regulatory and legislative policies, in addition to stimulating technical innovation.
The CEO of the Saudi Space Agency, Dr. Mohammed bin Saud Al-Tamimi, said the center is committed to promoting a vibrant, prosperous and sustainable space economy globally by developing principles, expanding knowledge, improving models and developing partnerships.
“It aims to seize the tremendous opportunities of space with great responsibility and care,” he said.
Jeremy Jurgens, Executive Director of the World Economic Forum, said the center’s joining the C4IR network is recognition of the importance of addressing diverse topics such as technological innovation in space, policy and regulation, as well as sustainability.
“The impact of space on earth is significant and can be observed in view of the great services that space technologies provide to humanity, such as monitoring the effects of climate change and increasing human communication via satellites,” he said.
The center will work side by side with the Kingdom’s existing Center for the Fourth Industrial Revolution (C4IR) to enhance the Kingdom’s Vision 2030.
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