Saudi Arabia Leo Satellite Market

Growing Collaborations for technological advancement of space systems to boost Saudi Arabia LEO satellite market growth

Saudi Arabia is making tremendous strides in the Low Earth Orbit (LEO) satellite market. This is in line with the country's Vision 2030, which focuses on the diversification of the economy and technological capabilities. One of the biggest events is the formation by PIF of Neo Space Group (NSG) in May 2024. This intends to become a national market leader in the satellite and space industry, specializing in communications, Earth observation, navigation, and Internet of Things. The group intends to put investments in both international and local assets to develop and localize the relevant competencies in the sector.

In September 2023, First Tech Web Company Limited, a joint venture between OneWeb and TONOMUS has initiated the construction of a satellite ground station in Tabuk, Saudi Arabia, in partnership with Albabtain LeBlanc. This state-of-the-art facility aims to bridge the digital divide by providing high-speed, low-latency internet to remote and underserved areas across Saudi Arabia and the broader MENA region. In October 2023, TONOMUS entered a multi-year agreement with STC Group to expand access to Low Earth Orbit (LEO) satellite connectivity in Saudi Arabia. This partnership aims to meet the region's accelerating demand for affordable, fast, and reliable digital solutions, enabling fiber-like connectivity and enhancing online experiences for rural communities.

By January 2024, Eutelsat OneWeb announced the final preparations for launching commercial services from the Tabuk ground station. Equipped with 15 advanced satellite tracking systems, the facility will play a pivotal role in Eutelsat OneWeb's LEO connectivity network, further driving digital transformation and connectivity in the Middle East. These initiatives collectively highlight a transformative effort to address connectivity challenges in the region.

The Kingdom is also drawing in considerable foreign investment in manufacturing satellites. In October 2023, ASPACE in Hong Kong announced a SAR 1 billion investment (about USD 266.6 million) for the development of an advanced satellite manufacturing facility in the kingdom. The program will provide the design, production, and integration of components, subsystems, and complete satellites, thus strengthening Saudi Arabia's competitiveness in the world space market.

Continuing with further capabilities, NSG announced the acquisition of geospatial solution platform, UP42 from Airbus Defence and Space in December 2024. It is said to bolster the geospatial division within NSG to further develop advanced earth observation and geospatial solutions as the demand increases not only across Saudi Arabia but also throughout the rest of the world.

Collectively, this is a reflection of Saudi Arabia's efforts to further develop LEO satellite industries. They are doing this through strategically positioned partnerships, foreign direct investments, and developing local expertise such that the Kingdom is at the forefront of the global marketplace in terms of satellites, achieving economic diversification and facilitating technological innovation.

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