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The satellite, developed by a team from KACST, will provide telecommunications capabilities, stronger internet connectivity, TV and secure communications in the Middle East, North Africa and Europe.
The projects were discussed during the Crown Prince's visit to KACST.
The design of the reactor has been developed by KACST scientists with the help of international experts.
The agreement was signed by Turki bin Saud bin Mohammed Al-Saud, president of KACST, and Houlin Zhao, secretary-general of ITU.
KACST is seeking to promote incubators and accelerators, and expand activities into nine regions, in line with the Kingdom's vision at the technical level, and help stimulate the national economy and development.
10 May 2016 - Saudi satellite operator Taqnia Space, terminal solutions and satellite RF electronics Skyware and Saudi communications technology company Crescent have signed a joint venture agreement in Saudi Arabia with KACST as the technology partner, the companies said.
Turki bin Saud, president of KACST and chairman of the board of directors for Taqnia said: "With the expected cooperation between the new joint venture and KACST as its technology partner, the joint venture and satellite RF manufacturing facility will help to propel the Kingdom of Saudi Arabia to become a leader in advanced integrated terminal solutions".
KACST also inked another memorandum to establish a joint research and development center at the SEC distribution sector.
It follows a technology alliance between Ukraine's Antonov and KACST for developing and manufacturing AN-32s as an advanced multi-purpose aircraft.
Al-Saud said KACST plans to spread its BADIR program to a national level to benefit a larger clientele of entrepreneurs and attract Saudi entrepreneurs with potential high-growth projects to enhance their businessesBADIR program for technology incubators opens the door for business development support to people who have a feasible technology idea that can be commercialized into a business opportunity, Dr.
King Abdulaziz City for Science and Technology (KACST), the national science agency and laboratory for the Kingdom of Saudi Arabia, has collaborated with Brocade to deliver a state-of-the-art network infrastructure comprised of high-performance campus networking and load balancing solutions.
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