Saudi Arabia is investing billions in space

The Saudi government has announced that it will boost its space industry with $ 2.1 billion over the next decade as part of a program to diversify its economy and attract investment. (SSC), which was set up by royal decree in 2018. In the first phase, the annual budget of space companies is planned to be increased by 2 billion riyals, about half a billion dollars. economy, touching every aspect of life on Earth. “Space operations and the space economy are expected to reach trillions of riyals as we move into the future,” Sultan Abdulaziz al-Saud, son of Saudi monarch Salman, told Reuters that the sultan flew in 1985 on a space shuttle. The first Arabsat telecommunications satellite was launched. He became the first astronaut in an Arab or Muslim country. Saudi Arabia is the founder and largest financier of Arabsat, the Arab Satellite Communications Organization, which was founded in 1976. SSC now plans to sign agreements with other countries operating in space. According to the Commission, the country’s space industry returns 1.81 riyals for every 1 riyal invested. Follow it on Google News and find out all the news first See all the latest News from Greece and the World, at

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