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Saudi Arabia Launches SpaceGuardian, An AI Satellite Imagery Project
Front End, a Saudi investment and development entity, will collaborate with SpaceKnow, a space-tech firm from New York.
As part of its efforts to build a modern, tech-focused economy, Saudi Arabia is delving into AI-powered satellite image analysis. The latest project involves a collaboration between Front End, a Saudi Arabian investment and development entity, and SpaceKnow, a space technology firm headquartered in New York. The collaboration has led to the establishment of SpaceGuardian, a project that will harness SpaceKnow’s exclusive AI-enabled analytical engine for contextualizing satellite imaging.
The agreement was formalized between Majid Alghaslan, Chairman and CEO of Front End, and Jerry Javornicky, CEO and co-founder of SpaceKnow, during the recent International Petroleum Technology Conference (IPTC) 2024, held in Dhahran.
The location of the meeting is significant, as satellite imaging has already proved invaluable for capturing multi-dimensional snapshots of the country’s Ghawar oil field, helping to forecast the future viability of the lucrative natural resources in the area.
Pioneering the field of satellite AI imagery, SpaceGuardian will offer real-time geospatial analysis of the country utilizing machine learning. Javornicky envisions that the project will “revolutionize the AI-driven geospatial market [via SpaceGuardian] commencing with carbon sequestration, security, and infrastructure surveillance”.
AI-driven satellite imagery spans a diverse range of applications, offering insights into the effectiveness of environmental initiatives and guiding economic policies based on space-derived data. Majid describes this partnership as “embracing innovation and progress that will propel Saudi Arabia into a new era of digital transformation”.
Also Read: UAE’s Yahsat Introduces Smartphone-To-Satellite Connectivity
In a departure from its traditional reliance on oil revenues, the Saudi Arabian government has been ramping up efforts to steer the economy towards a digital future. Both Artificial intelligence and space technology seem to be of keen interest to the Kingdom, alongside major urban planning projects and sustainable infrastructure upgrades.
Front End’s Majid Alghaslan underscores that “[SpaceGuardian] contributes to the development of the burgeoning space sector and supports the establishment of a robust space agency in Saudi Arabia. With a comprehensive suite of services catering to all industries and sectors”.
In total, Saudi Arabia’s move into the AI space sector is expected to usher in over $5.3 billion in investments by 2030.
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Checkout.com Set To Launch Card Issuing In The UAE
The payment service provider’s expansion is a first-of-its-kind investment and could reshape digital transactions across the region.
Checkout.com is laying the groundwork to become the first global payments platform to introduce card issuing in the United Arab Emirates — a move that could reshape how businesses in the region manage financial transactions.
The company plans to roll out its domestic card issuance offering in the UAE by 2026, subject to regulatory approval. The launch would give businesses the tools to issue both physical and virtual branded cards. This, in turn, opens up new ways to reward customers, streamline expense processes, and handle B2B payouts efficiently.
Checkout.com’s CEO and Founder, Guillaume Pousaz, revealed the plans during Thrive Abu Dhabi, the firm’s debut conference in the Emirates. Joined on stage by Remo Giovanni Abbondandolo, General Manager for MENA, Pousaz presented to an audience of over 150 partners and merchants at Saadiyat Island. Also in attendance was H.E. Omar Sultan Al Olama, the UAE’s Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications.
Abbondandolo highlighted the strategic importance of the announcement: “As a global business, we focus on bringing products to markets that our customers want and need. Today’s announcement is proof of our commitment to the MENA region and its rising influence in the digital economy. The appetite for innovation here is real, and we’re proud to be building the infrastructure that powers it”.
One early adopter of Checkout.com’s UAE acquiring services is Headout, a travel experiences marketplace, which recently named the payment provider as its main partner in Europe. The company has already begun card issuing there and is keen to expand that offering into MENA once approval is granted.
The expansion of services in the UAE and beyond builds on Checkout.com’s track record in the region. It was the first global payments firm to secure a Retail Payment Services license from the UAE’s Central Bank and was instrumental in rolling out Mada and Apple Pay in both the UAE and Saudi Arabia.
Also Read: Protecting Your WhatsApp Account From Hackers: Kaspersky Expert Tips
The firm has also been rolling out new products: One of the latest is Flow Remember Me, currently in beta testing. It allows shoppers to store their card information once and access it across Checkout.com’s entire network, potentially cutting checkout times by up to 70%.
Earlier this year, Checkout.com also introduced Visa Direct’s Push-to-Card solution in the UAE, enabling both domestic and international payouts. Its collaboration with Mastercard has grown as well, making it easier for businesses to send funds directly to third-party cards securely and quickly.
With regional tech ambitions on the rise — spurred by initiatives like Saudi Arabia’s Vision 2030 and the UAE’s 2031 Agenda — Checkout.com sees its role as one of a key enabler. “Our mission is to help ambitious businesses navigate the complexity of payments, so they can move faster, go further, and make the most of every opportunity,” said Abbondandolo. “In MENA, performance is personal. It’s local. It’s built on trust. And when payments perform, businesses thrive”.
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