Saudi Arabia’s NSG: Kingdom Has What It Takes to Become Regional Hub for Space Technologies

A view of Earth from space. (Asharq Al-Awsat)
A view of Earth from space. (Asharq Al-Awsat)
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Saudi Arabia’s NSG: Kingdom Has What It Takes to Become Regional Hub for Space Technologies

A view of Earth from space. (Asharq Al-Awsat)
A view of Earth from space. (Asharq Al-Awsat)

Saudi Arabia is setting the foundation for a sovereign and integrated space economy, according to Martjin Blanken, CEO of Neo Space Group (NSG), a company backed by the Public Investment Fund (PIF).

In an interview with Asharq Al-Awsat, Blanken emphasized that strategic investment in space infrastructure and technology is not a luxury, but a prerequisite for achieving the Kingdom’s long-term goals in this critical sector.

Riyadh, he noted, possesses all the necessary assets to emerge as the leading regional center for space technologies.

Blanken underscored that Saudi Arabia is not merely building a new economic sector, but is redefining the concept of national sovereignty in a rapidly digitizing world. In this new era, satellite systems and geospatial data have become strategic assets, much like oil pipelines were in the 20th century.

The Kingdom’s new vision extends beyond being a user or consumer of space technologies, aiming instead for full empowerment through technology acquisition, industrial localization, and the development of domestic talent in the space sector.

NSG is focused on establishing what it calls “sovereign digital infrastructure,” ensuring Saudi Arabia has comprehensive capabilities in satellite communications, Earth observation, and navigation services. This would secure technological autonomy and position the country as an industrial leader within the region.

According to the 2025 report from the Communications, Space, and Technology Commission, Saudi Arabia’s space economy is projected to grow from $8.7 billion in 2024 to $31.6 billion by 2035, with a compound annual growth rate of 12 percent. The space services and infrastructure market alone is expected to expand from $1.9 billion to $5.6 billion during the same period.

Blanken attributed this growth to strong government backing, particularly through PIF, which has invested in both domestic and international platforms across a range of activities including satellite services, remote sensing, and data analytics.

He likened this phase of space investment to the early days of the Kingdom’s oil, industrial, and tourism sectors, long-term decisions that reshaped the national economy.

What sets the space sector apart in Saudi Arabia is its wide range of applications across various industries. Rather than being a standalone technical domain, it serves as an enabling platform for other sectors. Remote sensing technologies are now integral to smart agriculture and water resource management, while satellite navigation systems improve supply chains and logistics operations.

Blanken also highlighted the strategic importance of space in supporting national security. In sectors such as oil, mining, and defense, space technologies contribute to geological surveying, border monitoring, secure communications, and disaster response. As such, space has evolved into a core infrastructure for national security, economic growth, and environmental governance.

Saudi Arabia’s approach is to transform the space sector from a research-driven initiative into a robust economic engine. This aligns with Vision 2030, which prioritizes economic diversification and technological independence.

NSG, as the first national space company supported by PIF, plays a multifaceted role in service development, industrial localization, and talent cultivation. The group recently joined the industrial collaboration program at King Abdullah University of Science and Technology (KAUST), becoming the first space company to do so, a move that reinforces its commitment to R&D and training Saudi professionals.

NSG is working to localize four key pillars of the space sector: satellite communications for aviation and broadband; Earth observation through local imaging and data platforms; navigation and positioning via the development of SBAS and GNSS systems for domestic applications; and a venture capital fund to support space startups.

Strategic partnerships with international firms such as SES, Esri, G&S SatCom, and SuperMap also include clear provisions for technology transfer and the establishment of research centers within Saudi Arabia. The aim is not just to consume imported technologies, but to develop them locally and empower Saudi engineers to lead.

The Kingdom is also expanding its reach across regional markets in civil aviation, defense, agriculture, and geospatial services. NSG recently secured a license from the national space regulator to provide Earth observation services across the Middle East.

Blanken said that upcoming projects include the outfitting of Thai Airways aircraft with satellite connectivity and the commercial launch of satellite-based IoT services in partnership with OQ Technology by the end of the same year.



Saudi Inflation Slows to Nine-Month Low in November

 People enjoy sitting outdoors as the summer heat eases in Riyadh (AFP). 
 People enjoy sitting outdoors as the summer heat eases in Riyadh (AFP). 
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Saudi Inflation Slows to Nine-Month Low in November

 People enjoy sitting outdoors as the summer heat eases in Riyadh (AFP). 
 People enjoy sitting outdoors as the summer heat eases in Riyadh (AFP). 

Saudi Arabia’s annual inflation rate slowed to 1.9 percent in November 2025, its lowest level in nine months, down from 2.2 percent in October, driven by easing housing costs and lower prices for food and beverages.

On a monthly basis, inflation remained broadly stable, edging up 0.1 percent compared with October.

According to data released on Monday by the Saudi General Authority for Statistics (GASTAT), the housing, water, electricity, gas and other fuels category rose 4.3 percent year on year in November, down from 4.5 percent in October. Within that category, actual housing rents increased 5.4 percent, slowing from 5.7 percent a month earlier.

Prices in the food and beverages category rose 1.3 percent, reflecting a 1.6 percent increase in the prices of fresh, chilled and frozen meat. The transport category climbed 1.5 percent, driven by a 6.4 percent rise in passenger transport services.

The personal care, social protection and miscellaneous goods and services category recorded the largest annual increase, up 6.6 percent, supported by a 19.9 percent surge in prices of other personal products, influenced by a 21.6 percent rise in jewelry and watch prices.

Prices for insurance and financial services increased 5.1 percent, led by an 8.4 percent rise in insurance costs. The recreation, sports and culture category rose 1.3 percent, reflecting a 2.1 percent increase in holiday package prices.

In contrast, prices for furniture, household equipment and routine household maintenance declined 0.3 percent. The restaurants and accommodation services category also fell 0.5 percent, as accommodation service prices decreased 2.3 percent.

GASTAT noted that the Consumer Price Index (CPI) measures changes in prices paid by consumers for a fixed basket of 582 items, while the Wholesale Price Index (WPI) tracks price movements of goods at the pre-retail stage for a fixed basket of 343 items.


Northern Saudi Arabia Offers 240 Investment Opportunities Worth $10.6 Billion

Prince Faisal bin Khalid bin Sultan bin Abdulaziz during the inauguration of the Northern Borders Investment Forum, alongside the Minister of Investment (Asharq Al-Awsat). 
Prince Faisal bin Khalid bin Sultan bin Abdulaziz during the inauguration of the Northern Borders Investment Forum, alongside the Minister of Investment (Asharq Al-Awsat). 
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Northern Saudi Arabia Offers 240 Investment Opportunities Worth $10.6 Billion

Prince Faisal bin Khalid bin Sultan bin Abdulaziz during the inauguration of the Northern Borders Investment Forum, alongside the Minister of Investment (Asharq Al-Awsat). 
Prince Faisal bin Khalid bin Sultan bin Abdulaziz during the inauguration of the Northern Borders Investment Forum, alongside the Minister of Investment (Asharq Al-Awsat). 

The Northern Borders Investment Forum 2025 has unveiled more than 240 investment opportunities in northern Saudi Arabia, with a total value estimated at SAR 40 billion ($10.6 billion), spanning key sectors including livestock and food production, mining and energy, tourism and environment, and logistics.

Prince Faisal bin Khalid bin Sultan bin Abdulaziz, Governor of the Northern Borders Region, inaugurated the forum on Monday, at the Ministry of Interior Employees Club in the city of Arar. The event was attended by ministers, senior officials, experts and advisers, as well as company chairmen, chief executives and business leaders.

Prince Faisal said the forum reflects the government’s commitment to development and investment promotion, noting that the region possesses strong fundamentals, including natural resources, a strategic logistics location and advanced infrastructure. These advantages, he noted, position the Northern Borders as an attractive destination for high-quality investments aligned with Vision 2030.

He added that the forum provides an institutional platform to discuss sector-specific opportunities, showcase investment enablers, including incentives, financing and regulatory frameworks, and translate outcomes into practical programs and executive initiatives in coordination with national ministries and agencies.

For his part, Saudi Minister of Investment Khalid Al-Falih said the forum serves as a strategic platform to strengthen investment in the Northern Borders Region, support business growth and advance sustainable development goals under Vision 2030.

Also speaking at the event, Qutaiba Badawi, head of Syria’s General Authority for Border Crossings and Customs, highlighted the forum’s role in fostering professional dialogue and development cooperation, noting Saudi Arabia’s continued progress in improving its business environment and investment competitiveness.

The forum’s main panel discussion, titled “Northern Borders: A Global Investment Destination — Energy as a Driver of Growth and Sustainable Development,” brought together senior officials from the environment, energy, commerce, education and investment sectors, who underscored the region’s promising economic potential and partnership opportunities.

 

 

 


Saudi Logistics and Supply Chain Investments Reach $74.6 Billion  

Saudi Minister of Transport and Logistics Services Saleh Al-Jasser speaks at Monday's conference. (Asharq Al-Awsat)
Saudi Minister of Transport and Logistics Services Saleh Al-Jasser speaks at Monday's conference. (Asharq Al-Awsat)
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Saudi Logistics and Supply Chain Investments Reach $74.6 Billion  

Saudi Minister of Transport and Logistics Services Saleh Al-Jasser speaks at Monday's conference. (Asharq Al-Awsat)
Saudi Minister of Transport and Logistics Services Saleh Al-Jasser speaks at Monday's conference. (Asharq Al-Awsat)

Investments in Saudi Arabia’s supply chain and logistics sector have reached approximately SAR 280 billion ($74.6 billion) since the launch of the National Transport and Logistics Strategy, Saudi Minister of Transport and Logistics Services Saleh Al-Jasser said on Monday.

Speaking at the opening of the seventh Supply Chain and Logistics Conference in Riyadh, Al-Jasser said the strategy, launched by Prince Mohammed bin Salman, Crown Prince and Prime Minister, has raised the contribution of transport and storage activities to 6.2 percent of gross domestic product. He added that air cargo volumes rose 34 percent year on year to 1.2 million tons.

The conference attracted strong participation from policymakers, sector leaders and international stakeholders.

Al-Jasser said Saudi Arabia has entered a new phase in its ambition to rank among the world’s top 10 countries on the World Bank’s Logistics Performance Index, after jumping 17 places to 38th out of 160 countries.

The minister noted that the number of logistics hubs across the Kingdom has increased by about 30 centers, supporting economic diversification and strengthening Saudi Arabia’s role in global supply chains. He attributed the sector’s progress to leadership support and the goals of Vision 2030.

Saudi Arabia also ranked among the top four emerging markets out of 50 countries in the Agility Logistics Index 2025. Employment in the logistics ecosystem has grown to 651,000 workers, he underlined.

Al-Jasser described the Kingdom as a key pillar in safeguarding global supply chains and a central hub for Arab logistics integration amid ongoing global challenges.

The conference brings together 150 exhibitors and 14,000 participants, highlighting the sector’s importance to trade, tourism, industry and quality of life.

Al-Jasser revealed that Saudi Arabia’s aviation sector is undergoing unprecedented expansion, including airport development, fleet growth and supply chain integration, positioning the Kingdom as a reliable global logistics partner.

The Kingdom has also become a host for major international logistics events. Last year, it staged the inaugural Global Logistics Forum, and next year it will host the second UNCTAD Global Supply Chain Forum, in cooperation with the United Nations and the Saudi Ports Authority.

At the conference, Sulaiman bin Mohammed Al Rubaian, senior vice president of Aramco Procurement and Supply Chain Management at Saudi Aramco, said the company’s Iktva (In-Kingdom Total Value Add) program has contributed about SAR 900 billion ($240 billion) to Saudi GDP over the past decade.

He said the program created more than 200,000 direct and indirect jobs, established 350 local manufacturing facilities, and enabled the local production of 47 products manufactured in the Kingdom for the first time.

Al-Jasser also inaugurated the exhibition accompanying the conference, where leading local and international companies showcased logistics technologies and services.

Over two days, the event will witness the signing of 93 agreements and memoranda of understanding worth SAR 19.05 billion ($5.2 billion), supporting the development of new logistics projects across the Kingdom.