Chairman of the Board of Directors of the Saudi Space Authority, Prince Sultan bin Salman bin Abdulaziz, announced that the authority has finalized all stages of its establishment. It completed its corporate building and concluded many partnerships and agreements on both a local and international scale at various levels.
This came during Prince Sultan bin Salman bin Abdulaziz presiding of the fourth meeting of the Board of Directors of the Authority via video conference.
During the meeting, the Prince extended his thanks and appreciation to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud for the support and direction the Commission has received since its establishment.
He indicated that the Custodian of the Two Holy Mosques witnessed the Kingdom’s pioneering historical journey to space that began in 1985 with the participation of over 30 Saudi scholars and how it achieved remarkable success.
Subsequently, the Prince reviewed a number of the authority’s programs, foremost of which is space leadership, building cadres, and investment in the space sector in cooperation with the Ministry of Investment and the Public Investment Fund.
Moreover, he indicated that he will shortly announce the launch of the investment stimulus sector in this vital field in order to provide funds and enable small and medium-sized enterprises to participate and invest in the space field.
The international welcome from global space agencies to cooperate with the Kingdom in this field reflects the kingdom’s clout, capacity and capabilities, he pointed out.
During the meeting, the Authority’s Board of Directors approved the annual report for the year 2020, and reviewed several issues, including the Authority’s operational plan.