Deal signed to promote sports in Saudi Arabia’s Neom

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Updated 11 July 2020
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Deal signed to promote sports in Saudi Arabia’s Neom

  • LDI will act as sports adviser to Neom and help it design and activate plans for sporting activities

The Leaders Development Institute (LDI) has signed a partnership agreement with Neom — the joint stock company developing the Neom economic zone — to promote sporting activities in the planned smart city, in accordance with the directives of Sports Minister Prince Abdul Aziz bin Turki Al-Faisal.
LDI will act as sports adviser to Neom and help it design and activate plans for sporting activities, which will be aimed at both eager amateurs and aspiring professionals. Neom’s aim is to become “an international hub for sports” with cutting-edge facilities to host “the world’s biggest sporting events.”
 

 


Saudi Arabia positions space sector as pillar of knowledge economy

Space is increasingly seen in the Kingdom as a driver of technology development, job creation, and international cooperation.SPA
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Saudi Arabia positions space sector as pillar of knowledge economy

RIYADH: Saudi Arabia is stepping up efforts to develop its space sector as part of wider plans to build a diversified, knowledge-based economy under Vision 2030, officials and industry figures say.

Space is increasingly seen in the Kingdom as a driver of technology development, job creation, and international cooperation, Saudi Press Agency reported. 

Policymakers say it now underpins a range of services, from telecommunications and navigation to climate monitoring and disaster management.

CEO of the Saudi Space Agency Mohammed Al-Tamimi said space technologies are closely linked to daily life and national development priorities.

“Space has become a vital tool for human development,” he said, noting that innovations in communications, Earth observation and navigation support sectors such as agriculture, logistics and urban planning.

Al-Tamimi added that growing private-sector involvement is creating new opportunities for startups and international partnerships, as Saudi Arabia seeks to build local capabilities rather than rely solely on imported technology.

Recent years have seen a series of institutional reforms. The establishment of the Saudi Space Agency in 2018, the transfer of regulatory responsibilities to the Communications, Space and Technology Commission, and the creation of the Supreme Space Council, chaired by Crown Prince Mohammed bin Salman, have helped set clearer governance and strategy for the sector.

Saudi Arabia has also expanded its participation in global programs. Agreements with NASA include cooperation on climate and space-weather missions, while partnerships with research centers and space companies support training, joint experiments, and technology transfer.

Domestically, investment is being directed toward satellite manufacturing, Earth-observation platforms, and data services linked to smart-city and environmental projects. Neo Space Group, owned by the Public Investment Fund, is expected to play a key role in developing sovereign capabilities and attracting international partners.

Youth programs and education initiatives feature prominently in the strategy. Competitions, academic research projects, and astronaut training opportunities are designed to encourage students to pursue careers in science and engineering.  

In 2023, Saudi astronauts Rayyanah Barnawi and Ali Al-Qarni participated in the Axiom-2 mission to the International Space Station, conducting scientific and outreach activities.

According to national indicators, the Saudi space economy was valued at around $8.7 billion in 2024 and is forecast to grow steadily through 2035, with expansion expected across both manufacturing and downstream services such as data analytics and navigation.

Officials also highlight sustainability as a priority. New regulations aim to ensure safe and responsible space activity, while the Kingdom plans to host the Space Debris Conference in 2026 to discuss global challenges linked to congestion in orbit.

As Saudi Arabia deepens partnerships and builds local expertise, analysts say the sector could support economic diversification, strengthen research capacity and provide high-skilled opportunities for young Saudis.

For policymakers, the space sector is less about prestige and more about practical outcomes: better services, stronger national capabilities and a foothold in an industry expected to grow rapidly in the coming decade.