Oct 14, 2024
Fleet Space, Australia’s leading space-enabled technology company, and Tahreez, a visionary smart solutions provider and subsidiary of Alturki Holding, today announced a memorandum of understanding (MoU) to advance the Kingdom of Saudi Arabia’s dynamic mining sector with the latest breakthroughs in AI and space technologies. In support of Vision 2030, this partnership will combine Tahreez’s deep smart solutions expertise with Fleet Space’s vertically integrated technology stack to strengthen the Kingdom’s position on the forefront of geophysics innovation as their mining sector becomes increasingly central to the global mineral value chain.
“Fleet Space is honored to partner with Tahreez in support of Alturki Holding’s pioneering contributions to the diversification of the Kingdom’s dynamic national economy,” said Co-Founder & CEO of Fleet Space, Flavia Tata Nardini. “By bringing the latest advances in space technology and AI-powered mineral exploration to the Kingdom, we are proud to help accelerate the exploration of Saudi Arabia’s sovereign mineral potential, contribute industry leading AI and space expertise, and drive progress towards their visionary net-zero carbon emissions target by 2060.”
ExoSphere, Fleet Space’s end-to-end mineral exploration solution, combines satellite connectivity, 3D Multiphysics, and AI to map mineral systems in real-time up to 5km in depth. Used by over 40 leading exploration companies like Rio Tinto, Barrick Gold, and Core Lithium worldwide, the widespread adoption of ExoSphere has accelerated exploration on five continents while minimizing environmental impact across the global mining value chain.
As a result, Fleet Space was recently recognized as the winner of the Innovation and Business Expansion categories at the Mining Technology Excellence Awards 2024 in addition to receiving the Climate Technology Impact Award at the Banksia Foundation’s 35th National Sustainability Awards. In 2026, Fleet Space will deploy a lunar variant of its ExoSphere technology - SPIDER - on the Moon to advance humanity’s understanding of the structure and composition of its subsurface geology.
“This partnership with Fleet Space represents our commitment to future-proofing the Kingdom’s ascendancy in mineral exploration with AI and space age technology in support of Vision 2030,” said Mr. Rami Alturki, Chairman of Tahreez and President & CEO of Alturki Holding. “Together, we can accelerate the Kingdom’s path to sovereign mineral discovery, attract international investment, and reinforce Saudi Arabia’s strong foundation as a global leader in sustainability and mining innovation.”
As part of Alturki Holding’s portfolio, Tahreez is a leading-edge smart solutions provider, crafting bespoke and innovative solutions for critical infrastructure projects to optimize operations and ROI. Headquartered in Riyadh, Tahreez’s top-tier engineering services for vital public and private organisations throughout Saudi Arabia reflect a powerful model to advance the Kingdom’s national transformation plan, designing bespoke technology solutions that enhance quality of life, inclusivity, and accessibility for all.
In addition to being one of the largest employers in the region, Alturki Holding is renowned as a premier investor and partner of choice for the establishment of sustainable businesses in Saudi Arabia. With an abiding commitment to ESG principles and making responsible investments in Saudi Arabia’s long-term growth, Alturki Holding has been a key facilitator in major infrastructure developments across the Kingdom.
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