UAE Space Agency has announced details of its National Space Strategy 2030 and National Space Investment Plan
The UAE Space Agency has announced the details of its National Space Strategy 2030 and National Space Investment Plan.
The strategy, recently approved by the UAE Cabinet, aims to enhance the space sector’s contribution to the national economy and promote the UAE's regional and international presence in the global space race, state news agency WAM reported.
It added that the strategy also strives to create an effective regulatory environment, attract talent, stimulate creativity among young people, as well as develop partnerships with industrial, educational, and research institutions.
The announcement was made during an official ceremony held in Abu Dhabi.
The National Space Strategy encompasses six main goals including providing competitive and world-class space services; enhancing advanced local capacity in space science, research and developing and manufacturing space technology, and launching inspiring space missions.
Establishing high-level national expertise in the space sector; forging effective local and global partnerships and investments in the space industry, and developing a future-proof supportive legislative environment and infrastructure across the sector are also part of the strategy's main goals which will be achieved via the implementation of over 20 comprehensive programmes and 80 initiatives, WAM added.
The National Space Investment Plan aims to make the UAE a major regional and global hub for space activities by building a competitive national economy based on knowledge, innovation, and future applications while attracting small and medium-sized businesses through promoting investment in the space industry.
Dr Mohamed Nasser Al Ahbabi, UAE Space Agency director-general, said: "This strategy aims to support the realisation of the UAE’s vision in the space sector with the various elements that fall under its umbrella, including science, technology, applications and services.
"It also covers all the governmental, commercial and scientific activities of various space sector organisations, collaborating with other governmental entities, as well as academic institutions and space research and development centres.
"The investment plan seeks to increase the national space sector’s contribution to economic diversification and attract foreign investment in the national space sector. Moreover, it aims to transform the UAE into the go-to destination for investors wishing to participate in the space sector," he added.For all the latest tech news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.