Showing posts with label Hong Kong Aerospace Technology Group. Show all posts
Showing posts with label Hong Kong Aerospace Technology Group. Show all posts

Tuesday, March 19, 2024

What Happened to China's Spaceport in Djibouti?

Spain's Atalayar Between Two Shores posted on 13 February 2024 an article titled "China's New Ambition: To Set Up a Space Base in the Horn of Africa" by Juan Pons.

The article reviews the Chinese initiative that resulted in a Memorandum of Understanding (MOU) in January 2023 between Djibouti's Ministry of Higher Education and Research and two private Chinese companies: Touchroad International Holdings Group and Hong Kong Aerospace Technology Group.  This joint venture is aiming to operate satellite launches with no less than seven pads and three rocket engine test beds on a 10 square kilometer site near Obock in Djibouti.  The investment is expected to exceed $1 billion.

Space in Africa published on 18 December 2023 an article titled "2023 in Review: Remarkable Feats from Djibouti's Growing Space Programme" by Ayooluwa Adetola.

The article contains an interview with a senior official in Djibouti's Ministry of Higher Education and Research, which signed the international commercial spaceport MOU with Hong Kong Aerospace Technology Group and Touchroad International Holdings Group.  The Djiboutian official said the proposed location for the spaceport is "ready in the desert before the sea in Obock."  He added that "for us, the actual start is when we sign the contract, where the responsibilities of all parties are properly spelt out, and the project's feasibility is confirmed." Djibouti is "waiting for the finer details of the contract to be ironed out."

 By way of background, Foreign Policy published on 21 April 2023 an article titled "China's Space Dream Is a Legal Nightmare" by Benjamin Silverstein, Carnegie Endowment for International Peace.

This piece provides the rationale for a spaceport in Djibouti and the practical and legal challenges to implementing the project.

Comment:  While this ambitious project is still very much under discussion by the government of Djibouti and the companies in Hong Kong and China, it remains a proposal and not an established fact.  

Tuesday, January 31, 2023

Djiboutian Spaceport Not Yet a Done Deal

 On 9 January 2023, Hong Kong Aerospace Technology Group Limited signed a MOU with the government of Djibouti and Touchroad International Holdings Group to develop an international commercial spaceport in Djibouti for the launching of satellites.

The MOU contains the following final paragraph: "There is no assurance that the transactions contemplated under the MOU or this announcement will materialize.  Shareholders and potential investors of the Company should note that the development of the Djiboutian Spaceport is subject to, among other things, the entering into of the Formal Contract, the major terms and conditions of which are yet to be agreed upon.  Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company."

Comment: Touchroad is a private company based in Shanghai.  Its chairman and founder is He Liehui.  We met with him at the company headquarters when visiting Shanghai in 2017.  He has been engaged in Africa since 2000 and in Djibouti since 2014.  His first African business venture was in Ghana.