Saudi Arabia… When the Economy Soars Beyond the Atmosphere 🟦 SAR 33 Billion in Today’s Space Economy… and SAR 119 Billion in the Orbit of Tomorrow

🔵 BETH News Agency – Special Analytical Report

In a statement that reflects Saudi Arabia’s strategic shift toward a future-driven economy, the Communications, Space & Technology Commission announced that the Kingdom’s space economy reached SAR 33 billion in 2024. This figure is projected to grow to SAR 119 billion by 2035, with a compound annual growth rate (CAGR) of 12%.

This marks the transformation of space from science fiction… to a real investment frontier floating above the clouds.

🪐 Space Market Report 2025: Saudi Arabia’s Cosmic Mirror

According to the "Space Market in Saudi Arabia 2025" report, this growth encompasses:

Space technologies

Ground infrastructure services

Satellite communication systems

Development of small satellites

Earth observation data analytics

Rocket manufacturing and launch services

The report aims to:

Inspire investors, guide entrepreneurs, and provide a knowledge base for decision-makers.

🌍 Saudi Space Ambitions… Facing Global Trajectories

The report estimates that Saudi Arabia’s space economy in 2024 stood at SAR 33 billion, while the broader space market was valued at SAR 7.1 billion.

Looking ahead to 2035, the Saudi space economy is projected to hit SAR 119 billion, driven by infrastructure investments and rapid technological advancement—representing one of the highest projected growth rates globally.

By contrast, the global space economy was valued at SAR 661 billion in 2024, with forecasts suggesting it will reach SAR 6.7 trillion by 2035, at a CAGR of 9%.

This positions Saudi Arabia as one of the fastest-growing markets in the sector—not only keeping pace with global development but aspiring to outpace it through ambitious growth and localized innovation.

The Kingdom is racing against time to become a regional leader in the space economy, aligned with the aspirations of Vision 2030 to lead the region in science and technology.

📡 Major Shifts in the Investment Orbit

The report highlights key global transformations in the space sector, including:

The rise of private-sector leadership

Growing demand for satellite-based services

Renewed interest in deep space exploration

Advancements in sensor systems and navigation technologies

Locally, Saudi Arabia is investing in enabling:

Startups

Local manufacturers

Academic and research partnerships

These efforts aim to establish space as a sovereign, economic, and strategic domain for the Kingdom.

🧩 BETH Symbolic Insight:

The stars are no longer far...
Saudi Arabia is not just watching the skies—it is building an economy in orbit, one that is ambitious, precise, and globally competitive.

What once seemed like a dream in the 1960s… is now a national economic policy in 2025.