Latest news with #MohammadAltamimi
Saudi Gazette
30-04-2025
- Business
- Saudi Gazette
Tabuk Emir meets with CST governor
Saudi Gazette report TABUK — Prince Fahd bin Sultan, Emir of Tabuk Region, met wtith Dr. Mohammad Altamimi, Governor of the Communications, Space and Technology Commission (CST), and his accompanying delegation in his office on Tuesday. The Emir welcomed Altamimi and wished him success during his visit to the region, before listening to a detailed explanation from CST Governor about the performance of communications and technology services in the region and ways to enhance them. Prince Fahd viewed a visual presentation on CST's initiatives and efforts in enabling human capabilities, continuing to develop and sustain the digital economy in Saudi Arabia, and enhancing digital transformation in the region. Noting the significant development in the Saudi communications and technology sector, and the support and attention it receives from the Saudi leadership, he highlighted the importance of integration with government and service entities to achieve the Saudi governments' aspirations and serve citizens through developing the communications and technology system in the region. He affirmed support to all CST's projects by the Emirate and government agencies in the region, and to harness every resource to ensure the success of their efforts. The governor expressed his thanks to the Saudi leadership for their support, follow-up, and guidance to continue implementing initiatives and projects in the region, and to enhance the continuity of providing high-quality services.
Saudi Gazette
30-04-2025
- Business
- Saudi Gazette
Tabuk Emir mmets with CST governor
Saudi Gazette report TABUK — Prince Fahd bin Abdulaziz, Governor of Tabuk Region, met wtith Dr. Mohammad Altamimi, Governor of the Communications, Space and Technology Commission (CST), and his accompanying delegation in his office on Tuesday. The governor welcomed Dr. Altamimi and wished him success during his visit to the region, before listening to a detailed explanation from CST Governor about the performance of communications and technology services in the region and ways to enhance them in accordance with the Saudi's Vision 2030 goals. Prince Fahd viewed a visual presentation on CST's initiatives and efforts in enabling human capabilities, continuing to develop and sustain the digital economy in Saudi Arabia, and enhancing digital transformation in the region. Noting the significant development in the Saudi communications and technology sector, and the support and attention it receives from the Saudi leadership, he highlighted the importance of integration with government and service entities to achieve the Saudi governments' aspirations and serve citizens through developing the communications and technology system in the region. He affirmed support to all CST's projects by the Emirate and government agencies in the region, and to harness every resource to ensure the success of their efforts. The governor expressed his thanks to the Saudi leadership for their support, follow-up, and guidance to continue implementing initiatives and projects in the region, and to enhance the continuity of providing high-quality services.
Gulf Business
15-04-2025
- Business
- Gulf Business
Saudi space economy reaches $8.7bn in 2024, CST announces
Image: Getty Images/ For illustrative purposes Saudi Arabia's space economy reached $8.7bn in 2024, according to the Communications, Space, and Technology Commission ( The size of the Saudi space market reached $1.9bn last year, CST said in its newly released KSA Space Market 2025 report. The report aims to highlight the latest developments and growth in local and global space market sizes, support market development and competitiveness, assist investors and entrepreneurs in the sector, and identify promising opportunities in the space industry. Saudi space sector growth aligned with Vision 2030 CST governor Dr Mohammad Altamimi emphasised that strong support from the kingdom's leadership is accelerating investment, infrastructure development, and the empowerment of national talent. These efforts contribute to achieving the goals of Saudi Vision 2030 and establishing a competitive, sustainable space economy both regionally and internationally. Dr Altamimi said the report extends CST's efforts to enable the space sector as a new economic driver that strengthens the kingdom's global position in technology and innovation. He added that it serves as a valuable resource for decision-makers, investors, and entrepreneurs to understand future trends and promising growth opportunities in the sector. The report also highlights the rapid growth of the Saudi space economy, which is expected to reach $31.6bn by 2035, with a compound annual growth rate (CAGR) estimated at 12 per cent, supported by investments in space sector infrastructure. The global space economy is projected to reach $1.8tn by 2035, with a CAGR of 9 per cent. Growth outlook by 2035 The Saudi space market is projected to reach $5.6bn by 2035, supported by advancements in space technologies. Globally, the space market reached $176bn in 2024 and is forecast to grow to $377bn by 2035. Notable developments in both local and global space markets outlined in the report include Earth observation data analysis, infrastructure services, integrated communication systems, advanced sensing systems, and the development of small satellites. The report also highlights global shifts in the sector, such as the entry of private sector players, growing demand for satellite-based services, and renewed interest in space exploration. It further addresses investment in the Saudi
Observer
14-04-2025
- Business
- Observer
Saudi space economy reaches $8.7 Billion in 2024
Riyadh: The Communications, Space, and Technology Commission (CST) announced that the Saudi space economy reached $8.7 billion last year, including all value-added activities and industries from space technologies and services. The size of the space market reached $1.9 billion, according to the KSA Space Market 2025 report. WhatsApp Image 2025-04-14 at 1.19.49 PM The report aims to highlight the latest developments and growth in local and global space market sizes, support market development and competitiveness, assist investors and entrepreneurs in the sector, and identify promising opportunities in the space industry. CST Governor Dr. Mohammad Altamimi emphasized that strong support from the wise leadership is accelerating investment, infrastructure development, and the empowerment of national talent. These efforts contribute to achieving the goals of Saudi Vision 2030 and establishing a competitive, sustainable space economy regionally and internationally. Altamimi also stated that the report extends CST's efforts to enable the space sector as a new economic driver that strengthens the Kingdom's global position in technology and innovation. The report serves as a valuable resource for decision-makers, investors, and entrepreneurs to understand future trends and promising growth opportunities in the sector. It also highlights the rapid growth of the Saudi space economy, which is expected to reach $31.6 billion by 2035, with a compound annual growth rate (CAGR) estimated at 12%, supported by investments in space sector infrastructure—at a time when the global space economy is expected to reach $1.8 trillion in 2035, with a CAGR of 9%. The Saudi space market is projected to reach $5.6 billion by 2035, supported by space technologies, while the global space market reached $176 billion in 2024 and is expected to grow to $377 billion by 2035. Notable developments in the local and global space markets are also mentioned, including Earth observation data analysis, infrastructure services, integrated communication systems, advanced sensing systems, and the development of small satellites. The report also highlights global shifts in the sector, such as private sector entry, growing demand for satellite-based services, and renewed interest in space exploration. It also addresses investment in the Saudi space sector and key areas of development, such as satellite communications and navigation, rocket manufacturing and launch services, and satellite-based Earth monitoring.
Broadcast Pro
14-04-2025
- Business
- Broadcast Pro
Saudi Arabia's space economy hits $8.7bn in 2024: CST
The Saudi space market is projected to reach $5.6bn by 2035, supported by space technologies. The Communications, Space, and Technology Commission (CST) has revealed that Saudi Arabia's space economy reached $8.7bn in 2023, encompassing all space-related technologies and services. The space market alone accounted for $1.9bn, according to findings from the newly released KSA Space Market 2025 report. The report provides a comprehensive overview of local and global space sector developments, aiming to support market competitiveness, guide investors and entrepreneurs, and highlight emerging opportunities in the Kingdoms rapidly expanding space industry. CST Governor Dr Mohammad Altamimi attributed this growth to the robust support from Saudi leadership, which has accelerated infrastructure development, investment, and the cultivation of national talent. These initiatives align with the goals of Vision 2030, positioning the Kingdom as a regional and global hub for space innovation and technology. Altamimi noted that the report is part of CSTs wider mission to empower the space sector as a key economic driver, helping to elevate Saudi Arabias international standing in advanced technologies. Looking ahead, the Saudi space economy is expected to reach $31.6bn by 2035, driven by a compound annual growth rate (CAGR) of 12%. This projection coincides with anticipated global growth in the sector, where the worldwide space economy is forecast to hit $1.8tn, growing at a CAGR of 9%. The Kingdoms space market is also on track to expand significantly, with projections showing it will grow to $5.6bn by 2035, supported by continuous investments in cutting-edge space technologies. Meanwhile, the global space market, which stood at $176bn in 2024, is expected to more than double to $377bn by the same year.
