Saudi Space Economy to Hit $31.6B by 2035

Saudi Arabia's space economy is on track to reach USD 31.6 billion by 2035, marking a sharp rise from a baseline of USD 8.7 billion recorded in 2024.

The projection reflects an annual growth rate of 12%, driven largely by ongoing investments in space-sector infrastructure across the Kingdom. Officials tie the expected expansion to the build-out of capabilities and facilities that support both public programs and private enterprise.

The commercial side of the sector is also expected to grow strongly. The Saudi commercial space market, valued at USD 1.9 billion in 2024, is projected to reach USD 5.6 billion by 2035 — nearly tripling over the period.

Why it matters

A larger space economy signals new opportunities for businesses, engineers, and skilled professionals across the Kingdom. As infrastructure spending increases, the sector is positioned to create high-value jobs, attract technology firms, and support related industries such as telecommunications, satellite services, and data.

For residents and the wider business community, the growth outlook points to an emerging field that could diversify the economy and open doors for local talent and international partners alike. The figures underline the Kingdom's push to establish a competitive presence in a fast-growing global industry over the coming decade.

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