UAE sets up AED3bn fund to develop radar satellites

UAE sets up AED3bn fund to develop radar satellites

Local News, News, Uncategorized















Abu Dhabi / WAM

Under the auspices of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai UAE, the UAE Space Agency on Sunday announced a new AED3 billion national investment and development fund for the space sector, The National Space Fund.

The fund will support ground breaking new programmes launched to support international and Emirati companies co-operating in leading edge space sector engineering, sciences and research applications. The Fund’s first project to be launched to space will be a constellation of advanced remote sensing satellites using radar technologies to provide unparalleled imaging capabilities.

Sarah bint Yousef Al Amiri, Minister of State for Public Education and Advanced Technology and Chairwoman of the UAE Space Agency, said: “A long-term plan and programme for the development of the Emirates’ space sector is in place to create economic opportunities, new jobs and help to fund global partnerships and new leaders in technology, space sciences and engineering here in the UAE. We are planning for a bright future