From spaceports to startups, Gulf countries race to boost space sector
As the global space race accelerates, the Middle East is becoming a rising hub of activity with ample opportunities to carve out an impactful role in the space economy. (PRO subscribers only, access with free trial)
Al-Monitor Pro Members
Samuel Wendel
Senior Market Research Analyst, Al-Monitor
Jan. 24, 2023
As the global space race accelerates, the Middle East is becoming a rising hub of activity. News broke in early 2023 that Oman plans to build the region’s first space rocket launch center and hopes to start launches by early 2024. That comes as the UAE continues to demonstrate rising ambitions in space, including sending the first lunar rover built by an Arab country into space in December aboard a SpaceX rocket launched from the United States. Notably, the UAE also recently announced a $816 million fund to invest in the space sector, with a focus on private companies. Meanwhile, Saudi Arabia is eyeing ambitions in space too. As private sector players attempt to reach new heights in 2023 and global competition heats up, Gulf players should have plenty of opportunities to capture a larger slice of this transformative new industry.