Saudi Arabia positions space sector as pillar of knowledge economy

(SPA)
Short Url
Updated 30 December 2025
Follow

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. 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.


New auction record for a Saudi artist set at Sotheby's sale in Riyadh

Updated 7 sec ago
Follow

New auction record for a Saudi artist set at Sotheby's sale in Riyadh

DUBAI: Sotheby’s returned to Saudi Arabia on Saturday night with its second auction in the Kingdom, drawing a full house to an open-air amphitheater in Diriyah and setting a new auction record for a Saudi artist.

The sale, titled “Origins II,” took place nearly one year after Sotheby’s staged the first-ever international auction in Saudi Arabia.

The auction’s standout moment came early, when Safeya Binzagr’s “Coffee Shop on Madina Road”

sold for $2.1 million — more than ten times its high estimate of $200,000. The result nearly doubled the previous auction record for a Saudi artist and became the most valuable artwork ever sold at auction in the Kingdom. It also ranks as the third-highest price achieved for an Arab artist at auction.

Held in Diriyah, the birthplace of the Saudi state and home to the UNESCO World Heritage site of At-Turaif, the event followed a week-long public exhibition at Bujairi Terrace that drew about 4,500 visitors. Collectors from more than 40 countries participated in the auction, with one-third of the lots sold to buyers based in Saudi Arabia.

The sale achieved a total of $19.6 million, exceeding its pre-sale estimate and bringing the combined value of works offered across Origins and Origins II to more than $32 million.

All nine works by Saudi artists offered in the sale found buyers, generating a combined $4.3 million. Additional auction records were set for Egyptian artist Ahmed Morsi and Sudanese artist Abdel Badie Abdel Hay.

An untitled work from 1989 by Mohammed Al-Saleem sold for a triple estimate $756,000, while a second work by the artist, “Flow” from 1987, achieved $630,000.

The sale opened with the auction debut of Mohamed Siam, whose “Untitled (Camel Race)” sold for $94,500. Also making his first auction appearance, Dia Aziz Dia’s prize-winning “La Palma (The Palma)” achieved $226,800.

International highlights included works by Pablo Picasso, Roy Lichtenstein, Andy Warhol and Anish Kapoor, underscoring Saudi Arabia’s growing role as a destination for major global art events and collectors.

Pablo Picasso’s “Paysage,” painted during the final decade of the artist’s life, sold for $1,600,000, becoming the second most valuable artwork sold at auction in Saudi Arabia.

Seven works by Roy Lichtenstein from the personal collection of Dorothy and Roy Lichtenstein, including collages, prints, works on paper and sculptures, all found buyers. Andy Warhol was represented in the sale with two works: “Disquieting Muses (After de Chirico),” which sold for $1,033,200,  and a complete set of four screenprints of “Muhammad Ali,” which achieved $352,000.