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Saudi Arabia from consumer to producer of technologies

Crown Prince tours Virgin Galactic Company and Mojave Air and Space Port

April 02, 2018

Los Angeles — Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, toured Virgin Galactic Company and Mojave Air and Space Port in California.

The Crown Prince discussed with Richard Branson, founder of Virgin Group and Chairman of the Board of Directors of Virgin Galactic, the areas investment partnership and ways to develop them especially in space services.

They also reviewed opportunities for deepening cooperation in modern technologies through research, manufacturing, and training Saudi youth so as to transform the Kingdom from a consumer to a producer of technology.

The Crown Prince was briefed on the progress achieved by Virgin Galactic and its plan to launch the first spacecraft to monitor Earth.

Branson introduced the high-speed Hyperloop transportation system that connects cities and shortens distances.

Virgin Galactic also unveiled new and unique aircraft fuel compartments.

The Crown Prince listened to a presentation on spacecraft that will enter commercial services.

Crown Prince Muhammad is in Los Angeles on the last leg of his 18-day multicity US visit.

The General Entertainment Authority (GEA) is hosting a summit in Los Angeles on Wednesday at the Four Seasons Los Angeles at Beverly Hills to introduce and attract entertainment ventures across Saudi Arabia.

The summit will explore the Kingdom’s focus on creating a more vibrant society as part of the Crown Prince’s Vision 2030.

The new initiative includes significant tourism-focused investments, including in themed attractions, shows, culture, nature, digital, sports and sightseeing.

Nearly 70 percent of the Kingdom’s 32 million people are under the age of 30, and envision a future where they can drive, cheer, play and share their passions with the world.

“The Summit is designed to educate and advance creative industry opportunities,” said GEA CEO Faisal Bafarat.

“We’re committed to expanding the Kingdom of Saudi Arabia’s entertainment landscape supported with private/public partnerships, while also attracting local and international investors to help foster exciting new partnerships to benefit our growing millennial population.”


April 02, 2018
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