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Fortune

Melissa Hancock

UAE prioritises satellites as strategic space assets

SPACE UAE ABU DHABI Earth Mohammed Soliman Fortune Gulf

(Credit: AzurX)

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.

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