Neo Space Group (NSG) is a national company owned by the Public Investment Fund (PIF) in the Kingdom of Saudi Arabia, operating in the space sector and satellite services both locally and globally. The company was founded in 2023 and is headquartered in Riyadh, Saudi Arabia. Announced on May 27, 2024, it is the first PIF investment focusing entirely on space sector industries.
NSG focuses on the deployment and development of cutting-edge technologies in the space industry through its four dedicated business units: satellite communications, earth observation and remote sensing, satellite navigation, and Internet of Things (IoT), along with a satellite and space-focused venture capital fund. The company has 501-1000 employees and has secured three major international clients for its satellite-based inflight connectivity services: Thai Airways, Turkish Airlines, and Uzbekistan Airways. Through strategic partnerships with global satellite communications provider SES and G&S SatCom, NSG has expanded its capabilities and services.
Recent Leadership News
Haithem Mohammed Mojil Alfaraj was appointed Chief Executive Officer of NSG, assuming responsibilities on April 9, 2026, succeeding Martijn Blanken, who led the company since its inception. Alfaraj brings more than two decades of leadership experience across telecommunications and technology, having most recently served as Group Chief Technology Officer at stc.
Facts compiled by Executive Moves from publicly available news and press releases on 16 August 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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