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2023-12

Mr. SUN Fengquan, Chairman of USPACE & ASPACE, Visited Mr. Khalid Al Falih, Investment Minister of Saudi Arabia

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, Chairman of USPACE & ASPACE, Visited Mr. Khalid Al Falih, Investment Minister of Saudi Arabia

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.

Mr. SUN Fengquan, Chairman of USPACE & ASPACE, Visited Mr. Khalid Al Falih, Investment Minister of Saudi Arabia

This meeting with Mr. Khalid Al Falih marks an important milestone for ASPACE's further establishment in the aerospace industry in KSA.