Riyadh, Saudi Arabia – November 6, 2024: Neo Space Group (NSG), a PIF-owned company and Saudi Arabia’s leading commercial satellite services provider, proudly announces its official membership in the prestigious King Abdullah University of Science and Technology (KAUST) Industry Collaboration Program (KICP). This milestone marks Neo Space Group as the first company in the space sector to join KICP, exemplifying its dedication to advancing innovation and research in alignment with Saudi Arabia’s Vision 2030.

By joining KICP, NSG seeks to amplify its R&D capabilities and bolster its strategic initiatives across the space sector. This program will open doors to collaborative research, knowledge exchange, and partnerships with top industry experts.

"As a newly established company dedicated to becoming the national champion in the Kingdom's space industry, we recognize the immense value in partnering with KAUST," said Moutaz Mashhour, CHRO at Neo Space Group. "This membership will empower us to engage leading experts, pursue cutting-edge research, and accelerate our mission to lead in space technology and solutions."

Considering its startup status, NSG has emphasized the importance of strategic resource allocation to ensure impact of joint research projects. The company has expressed its gratitude to KAUST for supporting and fostering the growth of emerging leaders in the industry. NSG's entry into KICP underscores the programs commitment to nurturing industry growth and innovation. This collaboration sets the stage for a new era of advancements in the Kingdom's space sector and reinforces the pivotal role of KICP as a catalyst for progress in Saudi Arabia's technological landscape.