Riyadh
The Kingdom is planning an SR8 billion ($2.1 billion) boost for its space program as part of Vision 2030, said Saudi Space Commission (SSC) Chairman Prince Sultan bin Salman. The commission has finalized a plan for the government, expected to be revealed later this year, under which the sector’s budget would receive an initial boost of SR2 billion. “In the time where we live now, space is becoming a fundamental sector of the global economy, touching every aspect of our lives on Earth. Space business and space economy are expected to grow into the trillions of riyals as we go forward,” Prince Sultan said.—AN
