The space economy constitutes an essential pillar in the UAE’s journey for the next fifty years, to build a diversified economy that enhances the country’s competitiveness, by adopting advanced technology techniques, and inaugurating a new phase of sustainable growth, especially in the space industry, thus consolidating the UAE’s position as a global center for investment, innovation, and talent specialized in applications and sciences. outer space.
In the following report, the Emirates News Agency reviews the UAE’s efforts in building a competitive space economy, as the value of the state’s investments in the space sector has exceeded 22 billion dirhams, represented by satellite communications systems, Earth and space exploration, data transmission services, space television broadcasting, mobile satellite communications, and others.
The UAE is a regional center for space services, events and educational programs specialized in space, while continuing to enhance investment in science, high technologies and advanced technology, as the volume of commercial spending on the space economy in the UAE rose to 10.9 billion dirhams within 7 years by the end of 2020, while contractual agreements for services grew. And space applications increased by 40% during the same year.
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