Neo Space Group Launches Saudi Earth Observation Marketplace with UP42
Neo Space Group Launches Saudi Earth Observation Marketplace
Operated by UP42, the Earth Observation platform was launched to meet the growing demand for high-resolution satellite imagery and space analytics across key sectors.
Neo Space Group (NSG) has announced the launch of the Earth Observation (EO) Marketplace, the Kingdom’s first dedicated EO data marketplace, powered by UP42 – a company fully owned by Neo Space Group (NSG). The platform aims to serve as a comprehensive one-stop shop for high-resolution satellite imagery and geospatial data solutions.
The EO Marketplace brings together a network of data providers and service providers offering advanced geospatial analytics catering to public sector agencies, Saudi companies, and international users, focusing on environment, infrastructure, energy, real estate, mining, transportation, logistics, and agriculture sectors.
Aligned with Saudi Vision 2030, the launch is part of the Kingdom’s ambition to advance in space technologies and serve as a key marketplace for diverse sectors.
The completion of NSG’s acquisition of UP42 from Airbus in December 2024 marked a significant progress in the EO data market. UP42’s platform utilizes cloud technology for streamlined access and analysis of Earth observation data, meeting regulatory standards and offering secure infrastructure.
Martijn Blanken, CEO of Neo Space Group, highlights the importance of EO data in supporting Saudi Arabia’s Vision 2030 goals, emphasizing the platform as a decision-making tool across sectors given the Kingdom’s large geographic area.
Frank Salzgeber, from the Space Sector at CST, mentions the shift in EO supply chain value creation and predicts the platform’s role in enhancing national space technologies and compliance with regulations.
NSG expresses gratitude to CST for the continuous support in developing and aligning the Earth Observation Marketplace.
