Abu Dhabi: In a significant move for advancing space technology and industry in the Middle East, Alpha MBM Investments 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, according to a media release.
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 Middle East's space industry.
Sun Fengquan, Chairman & CEO of Aspace International Holdings Limited, expressed delight at having Sheikh Mohammed Bin Maktoum Bin Juma Al-Maktoum on board, emphasizing the significance of his support in realizing their vision. The partnership is seen as a testament to their shared commitment to driving progress in space technology within the region.
