Search Site

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

CST announces first Space Entrepreneurship Alliance in Saudi Arabia

The alliance aims to create a strong foundation for innovation and entrepreneurs in the Saudi space sector. (SPA)
  • The alliance was announced during the Commission's participation in the seventh edition of the Garage Disrupt event.
  • The alliance seeks to connect entrepreneurs with investors and experts in the space sector.

RIYADH, SAUDI ARABIA – Saudi Arabia’s Communications, Space & Technology Commission (CST) has announced the formation of a Space Entrepreneurship Alliance to achieve growth and sustainability in the sector and develop a solid foundation to support entrepreneurs in the Kingdom’s space industry.

The alliance was announced during the Commission’s participation in the seventh edition of the “Garage Disrupt” event, where Acting Deputy Governor​ of the Space sector at CST Frank Salzgeber explained that the alliance aims to create an entrepreneurial ecosystem in the space sector.

He said the alliance will be a platform to gather stakeholders to support Saudi entrepreneurs in innovation and the Garage is the first to join this alliance.

Salzgeber said that the alliance aims to create a strong foundation for innovation and entrepreneurs in the Saudi space sector, by providing access to resources and services like shared workspaces and technical labs, as well as support initiatives like accelerator programs, workshops, and Hackathons.

The alliance also seeks to connect entrepreneurs with investors and experts in the field.

The Garage Disrupt is a monthly event to gather tech startups and investors with the presence of representatives from the public and private sectors to promote growth and sustainability for startups.