NEOM Tech and Digital Holding Company - the first holding company to be established as a subsidiary of NEOM - and OneWeb, the global communications network powered from space, have signed a $200 million (SAR 750m) joint venture agreement to bring high-speed satellite connectivity to NEOM, Saudi Arabia and the wider Middle East and neighboring East African countries.
The partnership will see the deployment of OneWeb's Low Earth Orbit (LEO) satellite constellation, which will not only provide the rapid and reliable connectivity to enable NEOM's ecosystem of cognitive technologies, but also transform businesses and rural communities in the region where access to fibre-like internet was previously unimaginable. The agreement also includes a long-term strategic partnership regarding research and development of future connectivity systems.
Joseph Bradley, CEO, NEOM Tech and Digital Hold Co. said: "We aim to connect 100% of NEOM's territory yet we must also preserve the natural environment. This is what drives us to innovate with partners such as OneWeb to create sustainable ways to accelerate human progress. The partnership has the potential to transform the way governments, businesses and communities connect to the internet."
Read the full story at Space Daily