Summary by Moomoo AI
INTERCONTINENTAL SPACE TECHNOLOGY GROUP LIMITED (THE “COMPANY”) ANNOUNCED ON 9 JANUARY 2024 THAT IT HAS SIGNED A NON-LEGALLY BINDING AGREEMENT WITH THE PORT AUTHORITY OF ABU DHABI TO BUILD AN INTERNATIONAL SPACE TECHNOLOGY INNOVATION BASED ON THE CONCEPT OF A LARGE SKY CITY HUB IN ABU DHABI, UNITED ARAB EMIRATES AND Preliminary consensus was reached on the Space Trade Center's space eco-city project. The project aims to provide commercial aerospace services worldwide and is planned to develop a total land area of 3,000,000 square meters in the Khalifa Economic Zone (KEZAD) in two phases. The Company believes this project will be an important milestone for its aerospace business and will help solidify its leadership position in the Middle East aerospace...Show More