Riyadh, October 25, 2023, In a significant development, the Saudi Space Agency (SSA) and Korea Aerospace Industries (KAI) have inked a memorandum of understanding (MoU). This collaborative agreement is geared towards fostering innovation within the space sector, identifying investment prospects, and advancing space technology to explore uncharted frontiers.
The MoU, formally signed by Dr. Mohammed bin Saud Al-Tamimi, CEO of the SSA, and Kang Goo-Young, President and CEO of KAI, underscores the mutual commitment to propelling advancements in aviation and space industries. It aligns with SSA's overarching vision to expedite space initiatives through a strategic partnership with KAI, a renowned leader in satellite development and manufacturing.
This partnership emerges in the wake of SSA's visit to Korea, spearheaded by Eng. Abdullah bin Amer Al-Swaha, Minister of Communications and Information Technology and Chairman of SSA. It reinforces the shared dedication of both parties to intensify collaboration and knowledge exchange in the realm of space exploration, with the overarching objective of contributing to the global space industry's progress.
