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Friday, November 15, 2024
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UAE digs into commercial prospects of its space missions with new survey

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Sarah bint Yousef Al Amiri, Minister of State for Public Education and Advanced Technology and Chairman of the Emirates Aerospace Agency, said: “This survey is an important tool that will help strengthen the decision-making process. , formulate strategic policies and contribute to economic indicators.” Agency. “The annual survey will help develop national space training programs and programs, track their implementation and evaluate their performance and effectiveness.”

The UAE Space Agency has announced a Dh3 billion National Investment and Development Fund to support programmes aimed at supporting international and Emirati companies working in cutting-edge fields. The fund will actively encourage partnerships between international and local organisations and companies, providing them with incentives as part of the UAE Space Agency’s Space Economic Zone programme.

“The idea [of the survey] It is to measure the effectiveness of the UAE’s initiatives, strategies, space strategies to understand the impact on the economy of the implementation and execution of these initiatives,” said Abdulla Al Marar, Head of Space Programs at the Emirates Space Agency.

This will encourage the authorities to launch new value-added schemes and support the efforts of start-ups and SMEs operating in the sector.

“This survey is one of related national projects focusing on economic aspects such as the ‘Space Economic Zone’ and its initiatives, which include incentives for the space sector, space labs and other empowerment vehicles,” said Al Amiri.

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