Saudi: Chinese Company To Establish First Satellite Manufacturing Plant Worth SR1B
- Date: 27-Oct-2023
- Source: Gulf Insider
- Sector:Industrial
- Country:Saudi Arabia
Saudi: Chinese Company To Establish First Satellite Manufacturing Plant Worth SR1B
Saudi Arabia announced on Thursday the completion of investment procedures worth SR1 billion ($266.57 million) to establish the first satellite manufacturing plant in Saudi Arabia. ASPACE, a Hong Kong-based Chinese company, obtained an investment license to set up the factory on the sidelines of the ongoing Future Investment Initiative (FII) in Riyadh. Minister of Investment …
The post Saudi: Chinese Company To Establish First Satellite Manufacturing Plant Worth SR1B appeared first on Gulf Insider.
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