Saudi Arabia’s space economy reached $8.7 billion last year, fuelled by value-added activities and industries from space technologies and services, an official body said.
The country’s space market size also expanded significantly to reach $1.9 billion, according to the KSA Space Market 2025 report.
Dr. Mohammad Altamimi, Governor of Communications, Space, and Technology Commission (CST), said the strong support from the country’s leadership is accelerating investment, infrastructure development, and the empowerment of national talent.
These efforts contribute to achieving the goals of Saudi Vision 2030 and establishing a competitive, sustainable space economy regionally and internationally, he said.
Citing the KSA Space Market 2025, Altamimi said the report extends CST’s efforts to enable the space sector as a new economic driver that strengthens the Kingdom’s global position in technology and innovation.
The report serves as a valuable resource for decision-makers, investors, and entrepreneurs to understand future trends and promising growth opportunities in the sector, he said.
The report also highlighted the rapid growth of the Saudi space economy, which is expected to reach $31.6 billion by 2035, with a compound annual growth rate (CAGR) estimated at 12 per cent.
The growth is supported by investments in space sector infrastructure, at a time when the global space economy is expected to reach $1.8 trillion in 2035.
The Saudi space market is also projected to reach $5.6 billion by 2035, supported by space technologies.
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