Saudi Arabia increases its mark in the space industry by starting a new center

The Saudi Space Agency launched the Space Future Center, which was an lead for an agreement signed in April last year with the World Economic Forum, to establish the center with the aim of supporting the growth of economic, research and innovative spaces. Jeremy Yorgeins, the administrative director of the World Economic Forum, unveiled in an interview with “Al -Sharq”, on the sidelines of the International Forum of Non -Aearth Networks held in Riyadh, that the center held the first meeting at the level of the board to discuss the program for the next year, indicating that the program focuses on space – To a set of a set of setting up the world, which has put in the world, the space economy forms. Saudi Arabia’s interest in the space industry. During the last period, Saudi Arabia implemented a series of steps aimed at building this sector and improving its role in the local economy, as it announced in June 2023 the transfer of the ‘Saudi Space Commission’ to the ‘Saudi Space Agency’, focusing on the space market industry and research and innovation. Last May, the Saudi Developable Investment Fund launched a ‘new space group’ (NSG), as a national company specializing in the spaces and satellite services, and the development of capabilities in a way contributing to improving the position of the local sector in this growing field worldwide. Later, Saudi Arabia strengthened its cooperation with the United States in this area by signing a strategic cooperation agreement in the field of exploration and use of outer space for peaceful purposes last July. The agreement aims to increase joint investment, and to create a comprehensive legal framework that facilitates the collaboration between the two countries to exchange experiences and develop joint programs, according to a statement reported by the Saudi News Agency at the time. Mohamed Al -tamimi, CEO of the Saudi Space Agency, during an interview with Al -Sharq earlier in the year expected the growth of the spaces sector to exceed the world rates, which would exceed the annual composite increase between 11 and 13% to 2035 compared to 9% worldwide, and note that the spaces are the economy, Saudi program to diversify the economy. ‘Space’ .. The chances of research showed by the World Economic Forum showed that the growth of the space economy by 2035 was to $ 1.8 trillion, according to Yorgeins, who noted that the space included several opportunities, and on top of that, provision chains, logistics and transportation, and added that the improvement of technology and communication would reach the world economy. Yugins explained that agriculture is one of the important sectors that can develop space, as space has better features than the earth, such as better irrigation, less use of chemicals and a shorter time to deliver crops to the market. He emphasized that cooperation between the public and private sectors in this field is of utmost importance, as “governments cannot do the work individually”, but he has pointed out that there is a need to develop a clear framework, an appropriate organizational environment and government protocols that are effectively applied “to achieve the maximum benefit from space.”