Satellites, Security and Sovereign Cash: Inside the UAE’s Space Strategy
Source: Fortune ·
As the UAE significantly expands its satellite capabilities and attracts new investment, its space ambitions are taking on growing commercial and strategic significance
From the source
Over the past decade, regional governments have substantially increased their investment in the space sector, with space budgets in the Middle East and North Africa rising by 69% from $1.4 billion in 2015 to $2.5 billion in 2025, according to a KPMG report. This upward trend is expected to continue, with spending projected to reach $3.2 billion by 2034—a 30% increase from 2025 levels. The report highlights the UAE, Saudi Arabia, Qatar, and Oman as the key engines of the region’s space sector, collectively transforming the GCC into an emerging hub of space innovation. Gulf sovereign wealth funds, particularly Saudi Arabia’s Public Investment Fund (PIF) and the UAE’s Mubadala, have made space a strategic investment priority, in line with their countries’ broader ambitions for the sector. That investment is being driven by more than the prospect of commercial returns. Recent regional conflicts have underscored the strategic value of space-based capabilities, particularly as Gulf states…