Space Tourism Boosts Investments in Innovative Sectors, Advanced Technology in Saudi Arabia

HALO Space is set to launch its sixth space tourism test flight from Saudi Arabia in September. (HALO Space)
HALO Space is set to launch its sixth space tourism test flight from Saudi Arabia in September. (HALO Space)
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Space Tourism Boosts Investments in Innovative Sectors, Advanced Technology in Saudi Arabia

HALO Space is set to launch its sixth space tourism test flight from Saudi Arabia in September. (HALO Space)
HALO Space is set to launch its sixth space tourism test flight from Saudi Arabia in September. (HALO Space)

HALO Space, a Spanish startup in space tourism, is set to launch its sixth space tourism test flight from Saudi Arabia in September.

The announcement underscores the efforts the Saudi Arabia’s Communications, Space and Technology Commission (CST) and General Authority of Civil Aviation (GACA) have been making to demonstrate the Kingdom’s pioneering role in space tourism.

CEO of Halo Space Carlos Mira told Asharq Al-Awsat that the company is committed to supporting Saudi Arabia’s Vision 2030 by accelerating efforts to support space tourism through its strategic partnerships with Saudi agencies.

He noted that the company has also set up an operational base in the Kingdom where it offers direct and close support to the transformation of all economic sectors.

Mira predicted a 700 percent rise in global space tourism trips in the first five years, reflecting HALO Space’s commitment to making space within everyone’s reach. It will also propel Saudi Arabia towards playing a more pioneering role in space exploration and pushing forward its innovation and economic diversification.

He underlined the close cooperation between the public and private sectors in adopting safety standards and protection measures, which are the foundations of the success of the mission.

The cooperation between the CST and GACA embodies HALO Space’s commitment to providing a safe flight in the near future, he added.

Managing Partner at Arthur D. Little Middle East and India and HALO Space board member Thomas Kuruvilla underscored the space tourism partnership with Saudi Arabia.

He told Asharq Al-Awsat that HALO Space’s innovation is part of the Arthur D. Little company and in cooperation with relevant government agencies and aims to bolster Saudi Arabia’s pioneering role in space tourism.

Saudi Arabia’s readiness to become a launch base for HALO Space in the Middle East will lead to more investments in innovative sectors and advanced technologies, he went on to say.

This includes space exploration and tourism, he explained.

Saudi Arabia is set to go down in history for becoming one of the first countries in the world to launch a space tourism flight, he stressed.

The flight in September is a very significant step and it is also in line with Vision 2030, he stated.

This upcoming test flight will feature HALO Space's real-size prototype capsule, Aurora, which will ascend to 30 kilometers above the Earth's surface. The primary objective of this mission is to rigorously validate the integrated operation of all critical systems developed over the past three years, said the company in a statement.

Alberto Castrillo, Chief Technology Officer of HALO Space, stated: "This mission is designed to meticulously validate all our critical systems we’ve been developing for the past three years. The dates and location were set to ensure the reliable operation of our equipment and safe conditions for the teams that will be on the ground operating the flight."

CST has been working with and supporting HALO Space since the beginning of the year, overseeing preparations for the test flight, which is set against the backdrop of Saudi Vision 2030.

HALO Space's decision to establish its flagship operational base and final assembly site in Saudi Arabia underscores the Kingdom's ideal conditions for space exploration activities and support for innovative business models.

As this visionary plan aims to transform the Kingdom into a global hub for technological innovation and economic diversification, CST has also been collaborating with other government entities such as GACA, to meet all regulatory requirements for the test flight, emphasizing the commitment to the safety of both personnel and materials involved in this ground-breaking test.

Frank Salzgeber, Acting Deputy Governor for Space Sector at CST, highlighted the significance of this collaboration, stating: "Along with its regulatory mandate, CST is also undertaking an enabling role within the civil space sector, through fostering innovative business models, promoting space exploration activities, and supporting joint efforts with relevant authorities to develop space sector.”

“This innovative project represents a significant step forward in space tourism, and in support of such technological advancements and investment opportunities in Saudi Arabia, CST is always committed to providing regulatory frameworks that foster innovation among companies and projects like HALO Space while ensuring the safety of personnel and materials,” he added.



China Auto Market Hits Milestone as EVs, Hybrids Make up Half of July Sales

Electric vehicle (EV) models are displayed at the booths of Denza, a joint venture between Mercedes-Benz Group AG and BYD Auto, and Chinese EV maker Voyah, at a shopping mall in Beijing, China November 3, 2023. REUTERS/Tingshu Wang/File Photo Purchase Licensing Rights
Electric vehicle (EV) models are displayed at the booths of Denza, a joint venture between Mercedes-Benz Group AG and BYD Auto, and Chinese EV maker Voyah, at a shopping mall in Beijing, China November 3, 2023. REUTERS/Tingshu Wang/File Photo Purchase Licensing Rights
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China Auto Market Hits Milestone as EVs, Hybrids Make up Half of July Sales

Electric vehicle (EV) models are displayed at the booths of Denza, a joint venture between Mercedes-Benz Group AG and BYD Auto, and Chinese EV maker Voyah, at a shopping mall in Beijing, China November 3, 2023. REUTERS/Tingshu Wang/File Photo Purchase Licensing Rights
Electric vehicle (EV) models are displayed at the booths of Denza, a joint venture between Mercedes-Benz Group AG and BYD Auto, and Chinese EV maker Voyah, at a shopping mall in Beijing, China November 3, 2023. REUTERS/Tingshu Wang/File Photo Purchase Licensing Rights

Half of all vehicles sold in China in July were either new pure electric vehicles (EV) or plug-in hybrids, industry data showed, a milestone that underscores how far the world's biggest auto market has leapt ahead of Western counterparts in EV adoption.

Sales of so-called new energy vehicles (NEVs) jumped 37% last month from the same period a year earlier, accounting for a record 50.7% of car sales, data from the China Passenger Car Association (CPCA) showed.

According to Reuters, NEV sales accounted for just 7% of total vehicle sales in China three years ago, but its heavy investments in EV supply chains have propelled the growth of domestic EV industry, leaving many established foreign brands scrambling to catch up.

By contrast, the share of electric and hybrid vehicle sales in the United States amounted to 18% in the first quarter of this year, according to the US Energy Information Administration, a research firm.

The pace of growth for NEVs in China accelerated from a 28.6% surge in June. Sales of pure electric vehicles climbed 14.3% in July, up from 9.9% growth for June.

Solid growth in NEV sales helped some local brands including BYD and Li Auto set fresh monthly sales records in July.

But overall domestic car sales fell 3.1%, extending declines for a fourth straight month with consumer confidence weak as the economy struggles to gain momentum amid a prolonged crisis in the property market.

Weakness in the auto market prompted China's state planning agency to announce in late July that cash subsidies for vehicle purchases would be doubled - up to 20,000 yuan ($2,785) per purchase - and would be retroactive to April when the subsidies were first introduced.

Additionally, some cities with curbs on car purchases have moved to relax restrictions. The capital city Beijing, for instance, announced last month it would offer to expand its NEV license quota by 20,000, the first easing of curbs since a strict quota system was put in place in 2011 to ease traffic congestion and improve air quality.

A protracted price war that had seen a flood of domestic brands competing on newer and cheaper models is also easing, as automakers seek to protect margins, with the CPCA's secretary general Cui Dongshu expecting further stabilisation in August and September.

China's top EV firm BYD continued to offer discounts in July, but in a less intensive manner than in the first half. It offered a price reduction of up to 17.3% on the hybrid SUV BAO 5 under its off-road Fangchengbao lineup at the end-July.

Vehicle exports in July rose 20% year on year, easing from an 28% increase in June, as China-made EVs brace for provisional EU tariffs, Cui said.