INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

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.