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Neo Space Partners with Esri Global to Enhance Geospatial Solutions
Tadawul All Shares Index TASI.SA | 12385.00 | -0.01% |
Riyadh - Mubasher: Neo Space Group (NSG) , a subsidiary of the Public Investment Fund (PIF) and a leading provider of commercial space services in Saudi Arabia, announced the signing of a memorandum of understanding (MoU) with Esri Global Inc. , a global leader in geographic information systems (GIS) technologies .
According to a statement, this cooperation represents a transformational step towards enhancing the geospatial sector in the Kingdom and abroad, in line with the goals of the Kingdom’s Vision 2030.
The geospatial solutions sector is one of the fastest growing and most innovative fields within the space technology ecosystem, playing a pivotal role in enhancing economic diversification and supporting strategic national initiatives .
“By combining Neo Space Group’s expertise in providing a wide range of geospatial services with Esri ’s advanced GIS technology, this partnership aims to drive innovation and explore new opportunities in talent development,” said Martin Blanken, CEO of Neo Space Group.
In addition to research and development, and leveraging the activation of Earth observation data through vital applications. This partnership will focus on research and development initiatives that push the boundaries of geospatial technology, to deliver innovative solutions across various sectors .”
Neo Space Group and Esri Global Inc. will also launch specialized training programs, workshops and practical experiences to enhance skills and expertise in the field of geospatial services, empowering a new generation of leaders and innovators .
By transforming satellite data into actionable insights, the partnership will leverage Earth observation and remote sensing data to develop applications in agriculture, defense, security, environmental monitoring, urban planning, maritime navigation, and more. These transformative solutions aim to address global challenges and promote sustainable development across industries .
As a strategic driver of Saudi Vision 2030, the geospatial services sector is rapidly evolving into one of the most transformative industries in the Kingdom. As a subsidiary of the Public Investment Fund, NEO Space Group is working to strengthen the Kingdom’s position in space technologies by providing innovative services in the fields of geospatial services and space communications .
NSG is a global space services company that provides a wide range of services in the fields of satellite communications, geospatial services, positioning, navigation and timing (PNT) , and is an investor in several space technologies. The group, as a subsidiary of the Public Investment Fund, contributes to transforming the space economy in the Kingdom of Saudi Arabia, supporting innovation, and creating jobs in line with Saudi Vision 2030 .