Ltd. (hereinafter referred to as "Crosser") and Intercontinental Space Science and Technology Group Co., Ltd. (hereinafter referred to as "Intercontinental Space") have reached a framework cooperation, and Crosser has become one of the first batch of partners in the global ecological chain of the Abu Dhabi Space City (3,000+1). The two parties set up a joint venture company to establish a Middle East exhibition and marketing center for space tourism, and plan to provide manned spacecraft launch experience, space tourists' clubs, space ticket sales and other services to the world, and jointly develop the international space and space tourism market.
Intercontinental Space is the first commercial space enterprise in Hong Kong to focus on star chain engineering and satellite precision manufacturing, with five technology centers and production bases, including satellite manufacturing, space environment testing, satellite measurement, transportation and control, satellite data application and precision electronics manufacturing. Headquartered in Dubai, UAE and Hong Kong, China, the company was listed on the Main Board of The Stock Exchange of Hong Kong Limited (SEHK) on August 16, 2018 under the stock code 1725.HK.
On January 9, 2024, ASPACE and KEZAD, the Abu Dhabi Ports Authority, signed a term sheet for the construction of Abu Dhabi Aerospace Eco-City.
On January 10, 2024, Intercontinental Aerospace signed a term letter with Abu Dhabi Ports Company PJSC to build the Abu Dhabi Space Eco-City in Abu Dhabi, United Arab Emirates, to provide commercial space services to the world. Abu Dhabi Space Eco-City is an important part of the UAE's 2030 National Space Strategy, located in the Abu Dhabi Khalifa Economic Zone (KEZAD), covering an area of 3 million square meters, the space city is centered on aerospace manufacturing, aerospace applications, aerospace commerce and trade, extending to diversified commercial clusters, the first phase of the project will cover an area of 1 million square meters, and is expected to start construction in mid-2024. Intercontinental Aerospace is the only aerospace company approved for 3 million square meters of land in the United Arab Emirates, the company will build the world's largest enterprise cluster aerospace eco-city, the Eco-City will attract 3,000 enterprises from all over the world to settle in, through cooperation and complementarity, to form a close network, relying on the UAE's economic, policy and geographical advantages, the aerospace eco-city to assist 3,000 enterprises to develop into the Middle East, Europe, Africa and the global market, to build the Middle East as the center, radiating the world, trillion-level market scale enterprise business ecological cluster.
Traverser is China's first commercial manned aerospace technology company that integrates the development of reusable spacecraft and space tourism operations. It is planned to realize the development of suborbital reusable commercial manned spacecraft in 3-4 years, opening a new era for ordinary people in China and even Asia to go to space. With the mission of "let people enter space safely, conveniently and happily!", Traverser has now opened pre-sale of tickets and successfully sold the historic first ticket in 2023 on behalf of China's commercial manned spaceflight. The cooperation between the two parties will give full play to their respective advantages, expand global commercial cooperation in manned spaceflight, achieve win-win cooperation, and promote the global layout of commercial manned spaceflight.
As one of the first batch of enterprises to cooperate with Intercontinental Aerospace, Traverser has settled in Abu Dhabi Aerospace Eco-City, which marks the beginning of Traverser's global layout and is of great significance to the international development of China's commercial manned space companies. It can not only promote in-depth interaction between Hong Kong and the Mainland in the commercial aerospace field, but also better serve China’s commercial aerospace “going global” strategy, cultivate technological demonstration and leadership strengths, and enhance the international influence of China’s commercial aerospace. It is believed that with the strong promotion of intercontinental space and the technical support of Traverser, and with the blessing of the "One Belt, One Road" and the UAE 2030 Space Vision policy, Traverser Space Tourism Middle East Exhibition and Marketing Center will help the development of Traverser and China's commercial manned spaceflight. It has started to develop and become a benchmark for China’s new space economy and a new engine for the global space tourism market.