Recently, Intercontinental Aerospace Technology (1725.HK), the first leading commercial satellite listing company in the Hong Kong stock market, and Strata, a wholly-owned subsidiary of Middle Eastern investment giant UAE Mubadala Sovereign Fund, held their sixth working meeting in Hong Kong. After in-depth discussions, the two sides reached a preliminary cooperation plan.

As an investment giant in the Middle East, the UAE's Mubadala Sovereign Fund has a total asset management scale of 276 billion US dollars (about 200 billion yuan), making it one of the most influential sovereign wealth funds in the world.

Looking back at the Central Economic Work Conference held in December last year, the conference clearly proposed a strategic plan to build a new track for future industries such as commercial aerospace. As a strategic emerging industry, the importance of commercial space is becoming more and more prominent. It has not only attracted great attention from China, but has also aroused enthusiastic reactions around the world.

Now, with countries in the Middle East region investing heavily in space exploration and continuously introducing policies favorable to the space sector, this has not only opened up new development space for intercontinental space science and technology, but also demonstrated the ambition of the Middle East region in global science and technology competition.

Deepen strategic cooperation and welcome new opportunities for commercial satellites

At the 6th working meeting held on April 24, Intercontinental Aerospace Science and Technology Group Chairman and President Wen Yichuan had friendly and productive talks with representatives of Mubadala Sovereign Fund Strata. After in-depth discussions, the two sides reached a preliminary cooperation plan, which laid a solid foundation for the implementation and development of subsequent specific matters.

This cooperation plan covers various aspects of the commercial satellite field between the two sides, including satellite R&D, manufacturing, launch, and operation. Through cooperation, Intercontinental Aerospace Science and Technology will use Mubadala Strata's strong capital and rich experience to further enhance its technical strength and market competitiveness, and accelerate the implementation and development of commercial satellite projects.

At the same time, Mubadala Strata will also further expand its presence in the field of global technology through this cooperation, particularly in the emerging field of commercial satellites. The in-depth cooperation between the two sides will bring each other win-win development opportunities and jointly promote the prosperity and development of the global commercial satellite industry.

It is worth mentioning that this is not the first time that Intercontinental Aerospace Science and Technology is planning to build a space city in the Middle East. In recent years, the company has continued to make major moves to deepen its layout in the Middle East region.

In November of last year, ASPACE, a satellite technology company under Intercontinental Aerospace Science and Technology, reached an agreement of about 267 million US dollars with Saudi Arabia to build Saudi Arabia's first satellite manufacturing plant, and plans to build Saudi Space City, a leading aerospace industry ecosystem cluster in the Middle East and the world within five years. At the same time, the company's board of directors added new members who have made achievements in the space field in the Middle East, such as Sheikh Mohammed, a member of the Dubai royal family, to lay a solid foundation for the development of business in the Middle East.

It can be seen from this that the Middle East has become a key part of the layout of intercontinental aerospace science and technology going overseas. In order to better integrate into the Middle East and mobilize regional resources, the company announced in December last year that it was considering a potential dual listing on the Middle East Stock Exchange.

Visit the manufacturing center, and the strength was highly recognized by Mubadala Strata

After the meeting on the same day, President Moon Il-cheon personally accompanied Mubadala Strata representatives and their entourage to visit the ASPACE satellite manufacturing center. During the visit, Moon Il-chuan explained in detail to the guests the comprehensive commissioning phase of the satellite manufacturing center and the manufacturing progress of the first satellite currently being prepared.

Representatives of Mubadala Strata gave high praise to the capabilities and level of the ASPACE satellite manufacturing center and appreciated the expertise and strength of intercontinental space science and technology in satellite manufacturing. The visit further strengthened the confidence of the two sides in future cooperation and laid a solid foundation for further promotion of further cooperation.

The UAE's Mubadala Sovereign Fund is an investment giant in the Middle East. It has a huge asset management scale of 276 billion US dollars, making it the most influential sovereign wealth fund in the world. In recent years, the fund has actively sought high-quality technology investment projects around the world, and its investment and layout have continued to expand.

This time, Strata, a wholly-owned subsidiary of the Mubadala Sovereign Fund, chose to cooperate with intercontinental aerospace science and technology based on its strategic considerations in the global technology competition. Through cooperation, Strata will be able to further expand its business footprint in the commercial satellite field and enhance its influence in the field of global technology.

Intercontinental Aerospace Science and Technology's current cooperation will not only receive strong capital support from the Middle East, but will also use the Mubadala Sovereign Fund's global resource network to accelerate international market expansion. Increased investment in space exploration and favorable space policies in the Middle East have brought broad market space for intercontinental space science and technology.

Along with the implementation of the project, the expansion of its business layout and commercialization process is expected to drive significant growth in performance. At the same time, the company's technical, infrastructure, management and financial layout in the Middle East region highlights its strategic ambition for globalization.

Therefore, the market is looking forward to improving the brand power and industry position of Intercontinental Aerospace Technology in the commercial aerospace field.

ending

The cooperation between Intercontinental Aerospace Science and Technology and Mubadala Strata not only marks a new stage of in-depth cooperation between the two sides in the field of commercial satellites, but also reflects a new trend of global scientific and technological competition and cooperation.

This cooperation will promote in-depth exchanges and cooperation between the two sides in various fields such as technology research and development, market expansion, and capital operation, and jointly promote innovation and development in the commercial satellite industry. At the same time, it has also injected new impetus into the rise and growing influence of the Middle East region in the global field of science and technology.

Looking forward to the future, as technology continues to advance and the commercial satellite market continues to prosper, the cooperation between Intercontinental Aerospace Technology and Mubadala Strata will surely bring more surprises and breakthroughs to the global technology industry.