Saudi Arabia organizes the first meeting of the space economy in the world


The Saudi Space Authority and the Saudi Secretariat of the G20 announced yesterday that they will organize the first meeting of “Space Economy Leaders 20”, within the program of international conferences held on the sidelines of the year of the Saudi G20 Presidency, with the aim of coordinating the efforts of space agencies in the 20 largest economic countries in the world for use Peaceful outer space, in addition to supporting the existing and future efforts of member states in light of a common vision, to promote the level of scientific and economic investment in the space sector, raise its competitiveness, and support the sustainability of its activities.

Prince Sultan bin Salman, Chairman of the Board of Directors of the Saudi Space Authority, stressed the importance of the meeting, which is the first of its kind for leaders of space agencies in the Group of Twenty, and discusses a large area of ​​investment that is highly reliable in the future of the global economy, in addition to what this meeting represents, whose idea came from the Kingdom. A platform that paves the way for the first time to integrate the activities of international agencies and their cooperation to maximize the benefits to humanity from the peaceful and scientific uses of space, which confirms the Kingdom’s political, economic and scientific role and its commitment to international development and peace.

With its initiative, the Kingdom seeks to hold a meeting of heads of space agencies in the countries of the Group to enhance cooperation in the space sector. And crystallizing a new path for integration in the space economy path, which represents a new and important horizon in the global economy. The Kingdom will organize the meeting, which will be held virtually via video call next Wednesday, with the participation of heads of space agencies in the group, the United Nations Office of Space Affairs, in addition to the United Nations Organization for Economic Cooperation and Development and a number of organizations, consulting companies, economic entities and experts in the fields of space.

It is expected that the first “Space Economy Leaders Meeting 20” will issue a final statement that includes a number of important recommendations for space agencies in the G20 countries, in line with the goals of the “Space 2030” plan issued by the United Nations, and the relevant international agreements.


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