{"id":24424,"date":"2024-01-09T22:31:00","date_gmt":"2024-01-09T22:31:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4307996_AE07996_0"},"modified":"2024-01-09T22:31:00","modified_gmt":"2024-01-09T22:31:00","slug":"uspace-technology-group-to-develop-abu-dhabi-space-eco-city-spanning-3-million-square-meters","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=24424","title":{"rendered":"USPACE Technology Group to Develop Abu Dhabi Space Eco City Spanning 3 Million Square Meters"},"content":{"rendered":"\n<p><b>Integrate over 1,000 Commercial Aerospace Enterprises Worldwide to <\/b><b>Jointly Develop a Global Aerospace Ecological Chain<\/b><\/p>\n<p><span class=\"xn-location\">HONG KONG<\/span>, <span class=\"xn-chron\">Jan. 10, 2024<\/span> \/PRNewswire\/ &#8212; <b>USPACE Technology Group Limited<\/b> (&quot;USPACE &quot; or &quot;the Group&quot;; Stock Code: 1725.HK) is pleased to announce that the Company has signed a term sheet with Abu Dhabi Ports Company PJSC (&#8221;AD Ports&#8221;), in relation to the development of Abu Dhabi Space Eco City in <span class=\"xn-location\">Abu Dhabi, United Arab Emirates<\/span> to provide commercial aerospace services worldwide, marking a major milestone of USPACE&#8217;s strategic international expansion.<\/p>\n<p>Under the term sheet, AD Ports will allocate to USPACE a land plot in the size of 3 million square meters in the Khalifa Economic Zones (KEZAD) in <span class=\"xn-location\">Abu Dhabi<\/span> for the development of Abu Dhabi Space Eco City project. The initial phase of the project will cover 1 million square meters and it is expected to commence construction in mid-2024.&nbsp;<\/p>\n<p>The Abu Dhabi Space Eco City project will integrate over 1,000 commercial aerospace enterprises worldwide to jointly develop a global aerospace ecological chain of international aerospace technology innovation and space trade centers.<\/p>\n<p>The agreement relating to the Abu Dhabi Space Eco City comes after USPACE&#8217;s recent announcement of dual listing plan in the <span class=\"xn-location\">Middle East<\/span>. USPACE aims to develop the Group&#8217;s presence and fundraising ability in the <span class=\"xn-location\">Middle East<\/span> market upon the completion of the dual listing.<\/p>\n<p>As part of the globalisation strategy, USPACE has added Mr. <span class=\"xn-person\">Shaikh Mohammed Maktoum Juma Al-Maktoum<\/span>, a member of the <span class=\"xn-location\">Dubai&#8217;s<\/span> royal family to its Board of Directors and is establishing its global headquarters in <span class=\"xn-location\">Dubai<\/span>. The Group&#8217;s subsidiary Aspace Satellite Technology Limited (ASPACE) has become the first and only foreign aerospace company to obtain the Space Investment License from The Ministry of Investment of <span class=\"xn-location\">Saudi Arabia<\/span>, laying an essential foundation for the establishment of the Group&#8217;s satellite business in <span class=\"xn-location\">Saudi Arabia<\/span>.<\/p>\n<p>AD Ports operates an integrated business across 5 clusters, namely digital, economic cities &amp; free zones, logistics, maritime and shipping, and ports connecting global maritime routes and international trading partners.<\/p>\n<p><b>Mr. <\/b><b>Mr. <span class=\"xn-person\">Mohamad Al Khadar Al Ahmed<\/span>, President of Abu Dhabi Ports Company PJSC<\/b>&nbsp;said, &quot;We give high level of importance to the Abu Dhabi Space Eco City project of USPACE.&nbsp; Our team would fully support the project in terms of land approvals, planning and construction, tax policies, and investment and financing.&quot;<\/p>\n<p><b>Mr. <\/b><b>Sun Fengquan<\/b><b>, Chairman and CEO of USPACE Technology Group Limited<\/b>, said, &quot;The signing of term sheet for the Abu Dhabi Space Eco City project represents a significant step in expanding USPACE&#8217;s global aerospace business. We believe the Abu Dhabi Space Eco City project will consolidate the Group&#8217;s leading position in the aerospace market in <span class=\"xn-location\">Middle East<\/span> and will have a profound impact on the development of the Group&#8217;s aerospace business in the long run.&quot;<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder8192\">\n<p style=\"TEXT-ALIGN: center; WIDTH: 100%\"><a href=\"https:\/\/mma.prnasia.com\/media2\/2314887\/Image1.html\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2314887\/Image1.jpg?p=medium600\" title=\"On 9 January 2024, Mr. SUN Fengquan, Chairman and CEO of USPACE Technology Group Limited and Mr. Mohamad Al Khadar Al Ahmed, President of Abu Dhabi Ports Company PJSC, signed the term sheet for Abu Dhabi Space Eco City project.\" alt=\"On 9 January 2024, Mr. SUN Fengquan, Chairman and CEO of USPACE Technology Group Limited and Mr. Mohamad Al Khadar Al Ahmed, President of Abu Dhabi Ports Company PJSC, signed the term sheet for Abu Dhabi Space Eco City project.\" \/><\/a><br \/><span>On 9 January 2024, Mr. SUN Fengquan, Chairman and CEO of USPACE Technology Group Limited and Mr. Mohamad Al Khadar Al Ahmed, President of Abu Dhabi Ports Company PJSC, signed the term sheet for Abu Dhabi Space Eco City project.<\/span><\/p>\n<\/p><\/div>\n<p>&nbsp;<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder8939\">\n<p style=\"TEXT-ALIGN: center; WIDTH: 100%\"><a href=\"https:\/\/mma.prnasia.com\/media2\/2314888\/Image2.html\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2314888\/Image2.jpg?p=medium600\" title=\"This signing marks the official commencement of USPACE\u2019s roadmap in creating the Global Hub for Space Tech-Innovation and Trade Collaboration. Upon completion, the Space Eco City will bring together thousands of global enterprises to form an ecosystem of international space industry, providing comprehensive services for commercial space technology innovation and space trade worldwide.\" alt=\"This signing marks the official commencement of USPACE\u2019s roadmap in creating the Global Hub for Space Tech-Innovation and Trade Collaboration. Upon completion, the Space Eco City will bring together thousands of global enterprises to form an ecosystem of international space industry, providing comprehensive services for commercial space technology innovation and space trade worldwide.\" \/><\/a><br \/><span>This signing marks the official commencement of USPACE\u2019s roadmap in creating the Global Hub for Space Tech-Innovation and Trade Collaboration. Upon completion, the Space Eco City will bring together thousands of global enterprises to form an ecosystem of international space industry, providing comprehensive services for commercial space technology innovation and space trade worldwide.<\/span><\/p>\n<\/p><\/div>\n<p>\u2014 End \u2014<\/p>\n<p><b><u>About USPACE Technology Group Limited (USPACE)<\/u><\/b><\/p>\n<p>USPACE Technology Group Limited (USPACE) is <span class=\"xn-location\">Hong Kong&#8217;s<\/span> first commercial aerospace enterprise focusing on satellite constellation engineering and precise satellite manufacturing. USPACE owns five technology centers and manufacturing bases, including a satellite manufacturing center, a space environmental monitoring center, a satellite telemetry, tracking and control center (TT&amp;C), a center for satellite data application and a precise electronic manufacturing center. USPACE&#8217;s core business consists of several operations, including satellite constellation engineering, satellite data application, satellite design and manufacturing, satellite assembly and testing, satellite payload selection and specification, satellite TT&amp;C service, printed circuit board assembly (PCBA) and electronic manufacturing, and the launch of satellites.<\/p>\n<p><b>For further information, please visit <a href=\"https:\/\/www.hkatg.com\/index.html\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.hkatg.com\/index.html<\/a> <\/b><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder0\"> <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Integrate over 1,000 Commercial Aerospace Enterprises Worldwide to Jointly Develop a Global Aerospace Ecological Chain HONG KONG, Jan. 10, 2024 \/PRNewswire\/ &#8212; USPACE Technology Group Limited (&quot;USPACE &quot; or &quot;the Group&quot;; Stock Code: 1725.HK) is pleased to announce that the Company has signed a term sheet with Abu Dhabi Ports Company PJSC (&#8221;AD Ports&#8221;), in [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-24424","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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