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Saudi Arabia to Host 1st Space Economy Meeting

Saudi Arabia to Host 1st Space Economy Meeting

Sunday, 4 October, 2020 - 05:00
An orange hue envelops the Earth, known as "airglow," a phenomenon that occurs when ultraviolet radiation hits molecules in the atmosphere and creates a band of light that reaches 50 to 400 miles high, in this image taken on board the International Space Station (ISS), October 7, 2018. NASA/Handout via REUTERS

The Saudi Space Commission said it is organizing the first meeting of space agency leaders that belong to G20 countries.


The meeting, hosted by the G20 Saudi Secretariat, as a part of the International Conferences Program honoring the G20 Saudi presidency Year 2020, is titled Space Economy Leader Meeting — 20.


Its purpose is to facilitate a stage on which influential countries (who foster the common vision of elevating the space sector) can collaborate on future and existing projects revolving around peaceful space exploration, space industry investment, and space science innovation.


Prince Sultan Bin Salman, Chairman of the Saudi Space Commission, stressed the importance of this first-of-its-kind meeting, which was initiated by the Kingdom of Saudi Arabia.


Not only will it serve as a platform on which cooperation takes place, but also as a forum through which the Kingdom's political, economic, and scientific commitments to peace and international development are underscored.


The meeting will be held virtually (via video broadcast) on Oct. 7, and will involve space agency leaders, the United Nations Office for Outer Space Affairs (UNOOSA), the Organization for Economic Cooperation and Development (OECD), and a number of other organizations, consulting firms, economic entities and experts in the fields of space.


The expectation is that the first Space Economy Leaders Meeting — 20 will issue a final statement that will reveal recommendations to G20 Space Agency countries, all of which in line with the United Nations’ “Space2030” agenda.


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