---
title: "Paper: Beyond the Stars: The Middle East’s Space Ecosystem on the Move (Euroconsult 2024)"
id: 69766
type: "post"
slug: "paper-beyond-the-stars-the-middle-easts-space-ecosystem-on-the-moveeuroconsult-2024"
author: "NSE"
published: "2024-01-15T05:00:00+00:00"
modified: "2025-07-21T23:35:35+00:00"
canonical: "https://newspaceeconomy.ca/2024/01/15/paper-beyond-the-stars-the-middle-easts-space-ecosystem-on-the-moveeuroconsult-2024/"
markdown_url: "https://newspaceeconomy.ca/2024/01/15/paper-beyond-the-stars-the-middle-easts-space-ecosystem-on-the-moveeuroconsult-2024.md"
description: "This article summarizes the key points of the white paper."
language: "en-US"
category:
  - "Communications Market"
  - "Earth"
  - "Earth Observation Market"
  - "Editor’s Picks"
  - "Industry Reports, Papers And E-books"
  - "Launch Market"
  - "Market Data And Analysis"
  - "Socio-economic"
  - "Space Economy"
post_tag:
  - "Navigation"
  - "Procurement"
  - "Satellites"
  - "Space Ecosystem"
  - "Space Startups"
  - "Startups"
---

# Paper: Beyond the Stars: The Middle East’s Space Ecosystem on the Move (Euroconsult 2024)

![](https://i0.wp.com/newspaceeconomy.ca/wp-content/uploads/2024/01/beyond-the-stars-the-middle-east-space-ecosystem-on-the-move-_-white-paper-_-euroconsult-01-1.jpg?resize=696%2C984&ssl=1)

[Download document](https://www.euroconsult-ec.com/wp-content/uploads/2024/01/Beyond-the-Stars-The-Middle-East-Space-Ecosystem-on-the-Move-_-White-Paper-_-Euroconsult.pdf)

## Synopsis

Here is a summary of the key points from the white paper on the Middle East’s space ecosystem:

- The Middle East’s space economy has experienced remarkable growth, tripling over the past decade to $25 billion in 2023. It is projected to reach $75 billion by 2032.
- The region’s share of the global space economy has increased from 3% in 2015 to 4.9% in 2023, and is expected to reach 8.5% by 2030.
- Governments in the region are rethinking their space strategies and increasing investments. Public space expenditures are expected to grow 92% by 2032.
- Countries are transitioning from being space users to space makers, with a focus on localizing space technologies and building advanced space ecosystems.
- Satellite procurement is surging, with 23 satellites planned for launch per year this decade compared to 8 per year last decade.
- Key downstream market drivers include communications, Earth observation, and navigation. The EO market in particular is seen as a high-growth area.
- Fundraising for space startups involving Middle East investors has risen sharply, totaling over $31 billion in the last 5 years.
- Challenges for growth include availability of skilled workforce, fostering entrepreneurship, governance issues, and need for greater regional cooperation.

In summary, the analysis paints a picture of a rapidly developing space ecosystem poised for exponential growth in the coming decade. The Middle East is emerging as a global hotspot for space and is ready to reshape the global narrative.