Alpha MBM Investments LLC Assumes Role as Founding Shareholder and Key Partner in Abu Dhabi’s Space Eco Park and Satellite City Project

Alpha MBM Investments LLC Assumes Role as Founding Shareholder and Key Partner in Abu Dhabi’s Space Eco Park and Satellite City Project

DUBAI/GULF TIME In a significant move for advancing space technology and industry in the Middle East, Alpha MBM Investments, a private investment office of Sheikh Mohammed Bin Maktoum Bin Juma Al-Maktoum, a member of the Dubai Royal family, has made an investment of US$25 million in Aspace International Holdings Limited. This investment, made in March ...

DUBAI/GULF TIME

In a significant move for advancing space technology and industry in the Middle East, Alpha MBM Investments, a private investment office of Sheikh Mohammed Bin Maktoum Bin Juma Al-Maktoum, a member of the Dubai Royal family, has made an investment of US$25 million in Aspace International Holdings Limited. This investment, made in March 2024 at a valuation of US$500 million, marks Alpha MBM Investments official entry as the founding shareholder and comprehensive strategic partner of Aspace International Holdings Limited.

The endeavor aims to propel the region’s space capabilities forward and foster innovation within the industry. Aspace International Holdings Limited has secured 3 million square meters of land in KEZAD, Abu Dhabi, where it plans to develop the ambitious Abu Dhabi Space Eco Park and Satellite City. This project envisions an ecological hub housing 3,000 enterprises, poised to become the largest advanced manufacturing hub in the