Omani Investment Authority funds Spanish space firm
The Oman Investment Authority invested in the Spanish company "PLD Space," which specializes in the space transportation sector, as part of efforts to diversify the portfolio and expand Oman’s geographical presence. The company was founded in 2011 and achieved success with the launch of the "Miura 1" rocket in 2023, becoming the first private company to launch a rocket in Europe. The company's investment focuses on developing technologies for launching small satellites, with future plans to carry larger payloads and possibly human transport to space. This investment aims to strengthen Oman’s position in the space industry, achieve sustainable returns, and attract knowledge and expertise through strategic partnerships with Spanish institutions, all within the framework of promoting economic diversification and diversification of foreign investments.
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