Riyadh’s Investment Forum ends with surprise space announcement: a space center in Riyadh’s upcoming entertainment city.
The three-day Future Investment Initiative announced an upcoming spatial facility on its final day, before 3,500 global economy stakeholders.
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Self-proclaimed adventurer and troublemaker Richard Branson took the stage after a short teaser video, to explain the scope of the budding sector’s applications. Small satellites servicing mankind and supersonic planes are all elements of the “educational and entertaining” project.
“Three years ago, we wouldn’t be standing here. We’re very proud to partner with Saudi Arabia.”
Branson also spoke of an upcoming partnership with the Saudi Public Investment Fund (PIF) which would enable this innovation, and more, through a $1 billion investment.