RIYADH: Saudi Arabia’s space economy is projected to expand nearly fourfold to $31.6 billion by 2035 from $8.7 billion in 2024, as the Kingdom seeks to build space and digital technologies into new engines of economic growth and sustainability.
More than 50 percent of essential climate variables can be measured from space, according to the Digital & Space Sustainability Report 2026, published by the Communications, Space and Technology Commission with the support of the International Telecommunication Union. The report highlights the role of satellite technologies in climate monitoring, water management, agriculture, desertification and disaster response.
This comes as Saudi Arabia was projected last year to see its space economy grow at a compound annual rate of 12 percent through 2035, according to CST’s KSA Space Market Report 2025.
The expansion is part of a broader push to develop digital infrastructure and space-based services while using technology to address environmental challenges.
In opening remarks in the report, Abdullah Al-Swaha, Minister of Communications and Information Technology, said: “Saudi Arabia is committed to unlocking the full potential of artificial intelligence and digital innovation as powerful enablers of sustainable development.”
