The New Space trend – an ongoing innovative transformation of the space sector – has led to a rise of investment in small launch systems. While an increasing number of nations are gaining access to space, the number of private sector entities investing in this domain is also rising. Meanwhile, small space launch vehicles and ballistic missiles rely on increasingly similar technologies.

The HCoC holds special significance in the Middle East as the region is fraught with the development of ballistic arsenals, the use of missiles on the battlefield and the proliferation of such systems towards both states and non-state actors. Moreover, several ballistic missile programmes have been closely associated with WMD acquisition.