Space is a strategic priority under Saudi Arabia’s Vision 2030 strategy to help diversify its economy away from hydrocarbons and toward technology and innovation.

Backed by the Public Investment Fund, a sovereign wealth fund managing more than $925 billion in assets, Neo Space Group (NSG) is at the center of this effort, targeting defense and commercial customers worldwide amid Saudi Arabia’s broader shift from a government-run to a market-based economy

NSG has grown to nearly 800 employees in just 18 months since its launch, largely through acquisitions such as the German UP42 geospatial data platform from Airbus and, most recently, Display Interactive, a French provider of in-flight entertainment and connectivity solutions.

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