Riyadh: The Communications, Space and Technology Commission (CST) has concluded a series of specialized awareness sessions on investment in the space sector, organized in partnership with the Venture Capital and Private Equity Association (VCPEA). The series included a session aimed at enhancing the relationship between investors and promising space companies, as well as raising awareness among the association's investors of the promising opportunities in this vital sector.
According to Saudi Press Agency, the series featured many initiatives, including awareness events for investors and promising companies, as well as educational workshops. The concluding session began with a brief presentation highlighting key emerging technologies in the space sector and the investment opportunities they offer, followed by a panel discussion moderated by VCPEA CEO Qusai Al-Saif, featuring several space-sector investors. The discussion explored recent developments in the space industry for entrepreneurs and investors, highlighted key enabling technologies such as AI and IoT, and examined their impact on other sectors, including food security, urban development, and defense, amid the sector's growing investment volume and rapid adoption of its solutions.
This session is part of CST's efforts to develop a stimulating investment environment in the space sector, enhance its role as an innovative economic driver that contributes to the diversification of income sources, enable national talent, and support the growth of startups in alignment with the goals of Saudi Arabia's Vision 2030.