Saudi Arabia improves its cooperation with America in the field of space

Saudi Arabia has strengthened its cooperation with the United States in the field of space by signing a strategic cooperation agreement in the field of exploration and the use of outer space for peaceful purposes. The agreement signed between the two countries aims to increase joint investment in different commercial activities, and to create a comprehensive legal framework that facilitates the collaboration between the two countries to exchange experiences and develop joint programs, according to a statement carried out by the Saudi News Agency. The agreement defined the areas of joint work that include space and earth sciences, air navigation, spatial missions and education. Over the past few months, Saudi Arabia has taken a series of steps with the aim of building this sector and improving its role in the economy, as it announced the transfer of the ‘Saudi Space Commission’ to the ‘Saudi Space Agency’ last June, with the aim of ‘focusing on the space market industry and stimulating research and innovation in IT. According to the Minister of Communications Abdullah Al -Sawah, the Public Investment Fund also intends to pump large amounts into the space industries in previous statements to ‘Bloomberg’, in which he emphasized that the space economy is ‘the next opportunity of trillion dollars’. The Saudi public investment fund has also launched a ‘new space group’ (NSG), as a national company specializing in the spaces and satellite services, and the development of capabilities in a way contributing to improving the position of the local sector in this growing field worldwide. Saudi Arabia expects the growth of the space sector to exceed the world rates locally, bringing the complicated annual increase between 11 and 13% to 2035, compared to 9% worldwide, as it announced a previous interview with the ‘Al -Sharq’ CEO of the Saudi Space Agency, Mohamed Al -Tamimi, which promoted the spaces. Opportunities, and that it is in the Saudi program, and it is an essential in the Saudi program. Al -Tamimi, in his interview with ‘Al -Sharq’, pointed out that ‘the scene of the spacecraft worldwide over the past four years has seen a change in its structure, as the amount of investment in the sector increased by more than 30% annually, and the access barriers to space dropped significantly as a result of the low cost of satellite lans, parallel to more than 70%. A report issued by the Saudi Communication, Space and Technology Authority revealed that the size of the space market in the Kingdom has reached $ 400 million, while the amount of global investment in the spacecraft reached about $ 100 billion last year. An important partner who reflects this agreement, “the kingdom’s firm commitment to progress and innovation in the field of space, and the ongoing attempt to improve its position as an important partner on the world scene of spatial exploration and scientific exploration,” according to the “spa” cited by the chairman of the Saudi space board. and prosperous spacecraft. “As far as Al -Tamimi is concerned, he has indicated in the statement that” the two parties will work to identify areas of common concern, and they will strive to develop collaboration, “and add that these steps will improve the national capabilities in the areas of air navigation and exploration of space applications and improve the kingdom’s role as a main player in this area. Saudi Arabia “showed the tremendous potential for collaboration between us, and we are now in the golden era of exploration, which is an era that depends on the partnership”, adding to the statement that the new agreement “explains how we will work together and explore for the benefit of humanity.”