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Saudi Arabia plans $2 billion boost for space programme by 2030
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Saudi Arabia plans $2 billion boost for space programme by 2030
Saudi Arabia is planning an 8 billion riyals ($2.1 billion) boost for its space programme by 2030 under an economic diversification plan that aims to attract foreign investment and create thousands of jobs for young Saudis. The Saudi Space Commission (SSC), set up by a royal decree in late 2018 to stimulate space-related research and industrial activities, has finalised a plan for the government, expected to be revealed later this year, under which the sector's budget would receive an initial boost of 2 billion riyals. 'We believe there are a lot of opportunities that exist in the space sector and we, in Saudi Arabia, intend to tap these opportunities at all levels,' added the 64-year-old royal, who flew aboard the U.S. Space Shuttle Discovery in 1985.
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