The Communications, Space and Technology Authority 7.1 Billion Riyals, According to the “Space Market in the Kingdom 2025” Space Markets raise competitiveness in the market and IT, and support the entrepreneurship of investors in this field, highlighting opportunities in the space sector.
Governor of the Communication, Space and Technology Authority, Dr. Muhammad bin South Al -Tamimi, stimulates the acceleration of the speed of investment and infrastructure, and the authority of national skills, which contributes to the achievement of the king’s goals, and achieving a 2030 view and international scale.
He pointed out that the report has come as an expansion of the power to implement a new economic machine in the field of global technology and novelty, and gives an important mark that provides future trends for investors, investors and entrepreneurs and development opportunities in this field.
The report reviews the rapid growth of the space economy in the kingdom, which is expected to reach 119 billion Saudi Riyal by 2035, and is estimated at 12%of the annual complexity, which is supported by investments in the space sector, while the global space economy is expected to reach 9%of the year, with the expected 9%growth in 2035.
The report highlights the growth of the space market in the kingdom, which is expected to reach 21 billion Saudi rials from 2035, and is supported by the development of space technologies, and the report is handling the global space market size, which was 661 billion in 2035, and it was expected to reach 2035 riles in 2035.
The report revealed the most important improvements in the local and global space sector’s markets, including land surveillance data analysis, terrain infrastructure services, coordinated communications systems, as well as advanced sensor systems, small satellite development, and the most important changes in the space sector and the most important changes in the space sector and the most important changes in the space sector and the most important changes in the space sector.
The report addresses the investment scene of the space sector in the kingdom, and highlights the most trusted markets of the market, such as satellite communications and navicators, production of missiles, and shooting and satellite.
