Forecast: Saudi Arabia’s space economy at $31bn by 2035
August 27, 2026

By Chris Forrester



A report from the Kingdom’s Communications, Space and Technology Commission (CST) says Saudi Arabia is accelerating its space-based investments, and which are forecast to grow four-fold from $8.7 billion (€7.4bn) in 2024 to $31.6 billion by 2035.

The report, titled Digital & Space Sustainability Report 2026, highlights the investments and benefits flowing from satellite-based technologies and in particular the monitoring of climate conditions, the management of precious water resources, supporting agriculture, combating desertification and responding to natural disasters.


The findings come as Saudi Arabia continues to expand its space-related capabilities alongside investments in digital infrastructure and emerging technologies.

Internet penetration in the country is near-total, with internet access available to 99.6 per cent of the population while fibre-optic access reaches 3.9 million homes, noted the study.

Business adoption of AI is also growing. Data from the Saudi Arabian General Authority for Statistics showed that AI adoption among Saudi businesses rose to 33.1 per cent in 2025, up from 20 per cent in 2024.

The report added that the expansion of Saudi Arabia’s space and digital sectors as part of a wider transformation, with satellite technologies, AI and digital infrastructure increasingly being used not only to support the Kingdom’s economic growth but also to improve environmental monitoring and advance the Kingdom’s long-term sustainability goals.

The nation’s Sovereign Wealth Funds, and investments in its Public Investment Fund (PIF), despite some recent cut-backs (such as its ambitious NEOM project) still represent a wide-ranging portfolio of businesses, such as its Vision Fund, a separate Strategic Portfolio and Financial Portfolio and all tied in with the overall Vision 2030 project. For 2025 the PIF reported that Revenues rose 9 per cent to $120 billion while net profit more than doubled to $17 billion. Assets under management exceed $900 billion, up from around $530 in 2021 and $150 billion in 2015.