25 October 2023, during the 7th Future Investment Initiative (FII), in the presence of over 6000 attending representatives, HE Khalid Al Faih, Minister of Investment, HE Mohammed Al-Tamimi, CEO of Saudi Space Agency, Eng. Saleh Khabti, Deputy Minister of Investment, Eng. Abdulrahman Al-Mazyad, Defense & Space Sector General Manager of MISA and other Saudi government officials jointly awarded the Space Industry Investment License to Mr. Sun Fengquan, Chairman and CEO of ASPACE Satellite Technology Limited (ASPACE).
ASPACE Satellite Technology Limited, as a subsidiary of Hong Kong Aerospace Technology Group, becomes the first space industry company in Saudi Arabia, the first company to obtain the Space Industry and Defense Investment License.
FII was proposed by HH Mohammed bin Salman, Saudi Crown Prince and chaired by the President of the Saudi Sovereign Wealth Fund - Public Investment Fund, with an aim to build a global communication and exchange platform, assess the direction of scientific and technological development, focus on human development, and explore future paths.
On April 24, 2024, USPACE Technology Group Limited and Strata, wholly owned by Mubadala Investment Company (Mubadala), held their sixth working meeting in Hong Kong. Mr. Sun Fengquan, Chairman of the Board of Directors of USPACE Technology Group Limited, warmly welcomed the delegation from Strata and engaged in friendly discussions. Both parties extensively deliberated on cooperation and preliminarily reached a cooperation agreement.
On 19 March 2024, the International Space University (ISU), together with the USPACE Technology Group Limited (USPACE) and its connected ASPACE International Holdings (ASPACE), and the Space Generation Advisory Council (SGAC), announced their partnership. Under this partnership, ASPACE is providing scholarships to Master students from underprivileged countries or regions to support ISU's efforts in inclusivity and the democratisation of space education.
Aerospace Silk Road – Interview with Dr George Lam