Saudi Arabia’s space sector is anticipated to reach $5.6 billion by 2035, fueled by advancements in space technologies.
The Communications, Space, and Technology Commission (CST) reported that the nation’s space economy hit $8.7 billion in 2023, with the space market itself valued at $1.9 billion as per the KSA Space Market 2025 report.
This report outlines both local and global space sector trends, aiming to enhance competitiveness, advise investors, and spotlight opportunities in Saudi Arabia’s burgeoning space industry.
CST Governor Dr. Mohammad Altamimi credited the growth to strong backing from Saudi leadership, which has hastened infrastructure and investment efforts, alongside fostering local talent. These efforts align with Vision 2030, aiming to make Saudi Arabia a central hub for space innovation.
Dr. Altamimi emphasized that the report is part of CST’s broader goal to strengthen the space sector as a vital economic contributor, boosting Saudi Arabia’s global position in advanced technologies.
Projections indicate that the Saudi space economy could reach $31.6 billion by 2035, with an annual growth rate of 12%, paralleling the global space economy’s expected growth to $1.8 trillion at a 9% rate.
The Kingdom’s space market is set to grow significantly, projected to hit $5.6 billion by 2035, backed by ongoing investments in innovative space technologies. Meanwhile, the global space market, valued at $176 billion in 2024, is forecast to more than double to $377 billion by 2035.