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Saudi Space Agency and WEF Establish Space C4IR Center

Saudi Space Agency
Credit: Saudi Space Agency

Ibadan, 30 April 2024. – The World Economic Forum has signed an agreement with the Saudi Space Agency to establish a Center for the Fourth Industrial Revolution (C4IR) focused on space. The Center will consequently contribute to local and global advances in space technologies and sustainability

The Center for Space Futures will tentatively open in Autumn of 2024, with the aim of facilitating public-private discussions on space collaboration, incorporating best practices from the Forum and its communities into the global space sector, and generating forward-looking contributions to accelerate space technologies.

Upon its opening, the Center for Space Futures will be the first center in the network of Fourth Industrial Revolution Centers to focus exclusively on space and will work alongside the existing national center in the Kingdom (C4IR Saudi Arabia) to advance Saudi Vision 2030, the country’s roadmap for economic diversification, global engagement, and enhanced quality of life.

Speaking on the collaboration, His Excellency, the CEO of the Saudi Space Agency, Dr. Mohammed Altamimi. “The Center commits to fostering a vibrant, prosperous, and sustainable space economy globally. By developing principles, expanding knowledge, refining models and cultivating partnerships, we aim to responsibly harness the vast opportunities of space.”

Likewise, Jeremy Jurgens, Managing Director of the World Economic Forum, added, “From monitoring the effects of climate change to increasing human connectivity via satellites, the impact of the global space sector on Earth cannot be overstated. The addition of the Center for Space Futures into the C4IR Network recognizes the importance of addressing various topics such as space technological innovation, policies and regulations, as well as sustainability.”

The Center for the Fourth Industrial Revolution is a platform for multistakeholder collaboration, bringing together public and private sectors to maximize technological benefits to society while minimizing the risks.

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