UAE launches Dh1 billion space programme to boost sector research
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ABU DHABI: Shaikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has launched an ambitious Dh1 billion plan to boost the growth, research, and competitiveness of the UAE's space sector.
The initiative was unveiled under the directives of President Shaikh Mohamed bin Zayed Al Nahyan and Shaikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE.
This massive investment serves as the foundational pillar of the broader Dh3 billion National Space Fund. The newly announced plan is specifically structured to support high-tech startups, empower the private sector, and advance local scientific capabilities. By backing commercial space ventures, the leadership aims to fast-track innovation and open new avenues for local enterprise.
Ultimately, the initiative is designed to cement the UAE's reputation as a premier global hub for space technology. By accelerating national space capabilities and driving research, the programme will secure a sustainable, knowledge-based economy and inspire the next generation of Emirati pioneers.
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