KAI CEO Cha Jae-byeong met Feb. 10 (local time) with Saudi Investment Minister Khalid Al-Falih to discuss cooperation in future industries that could align with the Saudi government’s Vision 2030 project, including space, satellite communications and aviation.
KAI said it has been steadily strengthening cooperation with Saudi Arabia in space and aviation, and expects the latest talks to broaden collaboration.
In October 2023 in Riyadh, KAI signed an MOU with the Saudi Space Agency to build a cooperative relationship in the space sector. It has pursued technology development and operations to expand the space market, joint commercialization, and investment in new startups. KAI said it also met with the Saudi Space Agency during the exhibition to reaffirm their strategic partnership.
“Saudi Arabia can be a strategic partner for K-Space’s overseas expansion beyond K-defense, including the KF-21,” Cha said. “We will prepare the best proposal to expand cooperation in space and aviation linked to Saudi Vision 2030.”
KAI said it built the country’s first private space center in 2020 and is preparing to commercialize mass production and exports of satellites, a key part of the New Space era, based on platforms such as next-generation mid-sized satellites, 6G communications satellites and nanosatellites.
The company has participated in government-led satellite development projects over the past 40-plus years, including multipurpose satellites, geostationary composite satellites, next-generation mid-sized satellites, nanosatellites and the 425 satellite program, helping drive commercialization of the private space industry. KAI said the next-generation mid-sized satellites No. 2 and No. 4, for which it served as lead developer, are scheduled for launch this year.
* This article has been translated by AI.
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