Neo Space Group (NSG)

Neo Space Group (NSG) is Saudi Arabia's national space champion and a wholly owned portfolio company of the Public Investment Fund (PIF), established in May 2024 as the Kingdom's first PIF investment focused entirely on the space and satellite sector. NSG operates as a global space services company offering satellite communications, Earth observation and remote sensing, satellite navigation (PNT), and IoT connectivity services, as well as a dedicated space and satellite venture capital fund. The company brings under one umbrella four business units targeting the full satellite services spectrum, with a mandate to develop Saudi Arabia's sovereign space industrial capabilities, reduce dependency on foreign satellite capacity, and position the Kingdom as a regional and global space hub. NSG supports Saudi Vision 2030's goals of diversifying the national economy beyond oil revenues and building a competitive knowledge-based technology sector, aligning with the Saudi Space Commission's national space strategy.