UAE establishes Dhs3 billion fund to support space sector

  • 17 Jul 2022
UAE establishes Dhs3 billion fund to support space sector
Photo used for illustrative purposes.

Gulf Today Report

The UAE on Sunday launched a Dhs3 billion ($816.84 million) fund to support its space programme and a new initiative to develop radar satellites, President His Highness Sheikh Mohamed Bin Zayed Al Nahyan said on Twitter.

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, said the fund aims to support the establishment of national companies in the space sector and boost national strategic and research projects. 

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