Saudi Arabia will invest $1 billion in space projects of Branson

Саудовская Аравия вложит $1 млрд в космические проекты Брэнсона

Saudi Arabia is interested in space tourism

The country is investing in space tourism.

Saudi Arabia invests $1 billion in the space included in the conglomerate Virgin Group (founded by the billionaire Richard Branson) group of companies, Prime reports.

Investments in the amount of $1 billion will affect three companies. Is Virgin Galactic, The Spaceship Company and Virgin Orbit.

In addition, the prospect of investment is still $480 million.

In the company of the Virgin Group explained that the contract with the CA was signed on joint work in space, launch satellites and space entertainment.

“This partnership reflects the desire of the Kingdom to all-round economic development on a scientific basis,” – noted the Saudi authorities.

We will remind, the European Union has invested € 12 billion in space projects in the period 2014-2020