August 13, 2022

POINT TRIAL

PORTAL GENERAL BLOG

UAE Dedicates $820M to Empower its Domestic Space Economy

1 min read

The United Arab Emirates has allotted a 3 Billion AED ($820 million) National Space fund to boost the country’s space sector.

The first part of the fund is dedicated to a remote sensing satellite called “Sirb” which uses synthetic aperture radar technology to capture high-resolution images. The nation highlighted border control, oil spill detection, and ship identification and tracking as useful applications for satellites.

The first of the many satellites is expected to be launched by the UAE in three years, while the total satellite program is scheduled to last six years. The overall sum it intends to invest in the constellation is not clarified yet.

According to a release, the National Space Fund would “actively foster partnerships between international and local firms.” Additionally, the nation will look to local and foreign businesses for bids on the Sirb satellite constellation.

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