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18.09.24 09:05

Technology

Saudi Arabia signs space co-operation agreement with Brazil

The signing took place on the sidelines of the annual G20 meeting

Saudi Arabia signed a strategic cooperation agreement with the Brazilian Space Agency during the fifth G20 Space Economy Leaders' Meeting, held in Brazil, to strengthen co-operation in the field of space exploration.

The Saudi delegation was led by Saudi Space Agency Vice Chairman and CEO Mohammed Altamimi, as reported by the Saudi Press Agency (SPA).

Initiated during the Saudi presidency of the G20, the meeting's theme this year was "Space Economy and Climate Change: Challenges and Opportunities."

Altamimi also highlighted the Kingdom's progress in developing the space sector and underlined the national interest in using technology for sustainable development and climate change mitigation.

Afterwards, he met with executives from important Brazilian space companies to explore investment opportunities and strategic partnerships.

Photo: iStock

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Kassym-Jomart Tokayev

President of Kazakhstan

"The volume of direct Russian investments in Kazakhstan's economy has exceeded US$24 billion, of which more than US$4.5 billion has been invested in the last two years alone. Accumulated Kazakhstani investments in the Russian economy have reached an impressive mark of US$8.5 billion"