On December 21, 2023, Mr. SUN Fengquan, Chairman of Uspace & ASPACE, paid a visit to Mr. Khalid Al Falih, Investment Minister of Saudi Arabia. Both sides engaged in in-depth discussions.
Mr. SUN Fengquan expressed his gratitude once again to Mr. Khalid Al Falih for granting ASPACE the first Saudi investment license in the aerospace industry. He reported that ASPACE has completed its company registration with the Saudi Ministry of Commerce and highlighted the progress of preparations for the construction of the first satellite manufacturing facility in Riyadh, with an expected opening in October 2024. Additionally, he mentioned the planning of the 4.5 million square meter for Saudi Aerospace Park.
Mr. Khalid Al Falih warmly welcomed Mr. SUN Fengquan's visit and expressed strong support from the Saudi Investment Ministry for ASPACE's establishment in the satellite industry in KSA.
This meeting with Mr. Khalid Al Falih marks an important milestone for ASPACE's further establishment in the aerospace industry in KSA.
Today, USPACE held a lion dance event to celebrate the Lunar New Year. The event attracted enthusiastic participation from company employees and guests, injecting joy and blessings into the new year. Mr.Sun, Chairman and CEO, expressed his wishes to all 1,200 employees, encouraging them to support and motivate each other. He hoped that everyone would achieve great success and create even more brilliant accomplishments in the new year, jointly shaping a bright future for USPACE.
City’s first satellite manufacturer, Uspace Technology Group, expects half of the units it produces annually will go to the Greater Bay Area, to spur digital transformation.
On January 21, 2024, Mr Sun Fengquan, Chairman and CEO of USPACE Technology Group Limited (USPACE), and Ms Yu Qi, Secretary General of the Asia-Pacific Space Cooperation Organization (APSCO), jointly signed a Contract for Golden Bauhinia Satellite Constellation Remote Sensing Satellite Data Procurement Service.