Skip to content Skip to Search
Skip navigation

US-Saudi venture will use AI to analyse space data

SpaceGuardian is a joint venture between Saudi Arabia's Front End Limited Company and New York-based SpaceKnow SpaceGuardian
SpaceGuardian is a joint venture between Saudi Arabia's Front End Limited Company and New York-based SpaceKnow
  • SpaceGuardian venture launched
  • Applies machine learning to imagery
  • Middle East space sector worth $25bn

A US-Saudi joint venture has been launched in the kingdom to use satellite imagery to monitor infrastructure development, traffic congestion and carbon sequestration, the natural process of CO2 storage in the atmosphere.

Front End Limited Company, based in Alkobar, the Eastern Province of Saudi Arabia, and SpaceKnow, a New York technology company dedicated to transforming space data into intelligence, have announced the launch of SpaceGuardian. 

Officials say SpaceGuardian is the first approved company dedicated to satellite imagery and artificial intelligence analysis to launch in Saudi Arabia.

It will specialise in applying machine learning AI on satellite imagery to facilitate economic activities, energy and commodities analysis, environmental assessments and construction progress tracking, a statement said.

The value of the Middle East space sector is expected to hit $75 billion by 2032, with spending rising 92 percent over the next decade.

The region’s space economy has trebled in 10 years to reach an estimated $25 billion in 2023, according to the white paper published by Euroconsult.

It is forecast to make up 8.5 percent of the global space economy by the beginning of the next decade.

SpaceGuardian said its technology allows for real-time monitoring of construction projects and can also be used to optimise transport systems by analysing traffic patterns and congestion hotspots.

Egypt, Iran, Iraq, Syria and the Gulf states are all investing in space technology. The UAE’s investments in satellite communications, Earth and space exploration and data transmission topped $6 billion last year.

Latest articles

A square in Cairo

‘Worst is behind us’ in Egypt’s black market dollar war says BMI

The Egyptian government’s priority for 2024 should be to keep the gap between the official and parallel exchange rates for Egypt’s pound and the US dollar as narrow as possible, says BMI Research. In a webinar on Tuesday BMI, a Fitch Group firm specialised in country risk, said that “the worst is behind us” in […]

Oman UAE deals Sultan of Oman president of UAE

Oman and UAE sign deals worth $35bn

The UAE and Oman have announced a host of new commercial and business deals worth a total of AED129 billion ($35 billion). The partnerships were agreed during Monday’s state visit to the Emirates by the ruler of Oman, Sultan Haitham bin Tariq al Said.  Investment and collaboration agreements covered areas including renewable energy, green metals, […]

A silver trader in his shop in Ahmedabad, India. India is sourcing an increasing amount of its silver from the UAE

India’s silver imports from UAE on the rise

Supplies of silver to India from the UAE have increased this year, as the Emirates’ exporters benefit from an agreement signed between the countries two years ago. The India-UAE comprehensive economic partnership agreement signed in 2022 has significantly boosted imports, according to a report by Indian English-language business newspaper The Financial Express.  The UAE route […]

A worker at Al Faw Grand Port. The Development Road project aims to connect the port with Turkey

Gulf to collaborate on $17bn Suez Canal road and rail rival

The $17 billion “Development Road” project is moving ahead after the UAE, Iraq, Qatar and Turkey signed a quadrilateral cooperation agreement.  The road and rail collaboration aims to tie the Al-Faw Grand Port in Iraq’s oil-rich south to Turkey, thereby shortening travel time between Asia and Europe in a bid to rival the Suez Canal. […]