The UAE Space Agency announces a new AED3 billion fund
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 has announced a new AED3 billion national investment and development fund for the space sector.
The National Space 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.
Her Excellency 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 filled with new challenges and openings for our young people – and this fund is precisely targeted at building opportunities for international co-operation in building Emirati enterprises.”
The Fund will actively encourage partnerships between international and local enterprises, providing them with incentives as a part of the UAE Space Agency’s Space Economic Zones Programme.
Salem Al Qubaisi, Director General of the UAE Space Agency said, “The National Space Fund will encourage global partnerships to establish themselves here in the Emirates, providing new and vital technology platforms and development to answer the needs of the UAE Space Programme and other global customers for vital innovation and technologies that answer the needs and possibilities of today’s world.”
The Fund’s first investment will be in the development and launch of a constellation of advanced imaging satellites (Sirb) for the Emirates to address the critical need for better environmental and land usage monitoring, data collection and analysis to meet today’s global challenges. The planned satellites will be able to create highly detailed and complex radar ‘images’ of land use, ice cover, surface changes and characterisation, with a wide range of scientific, civil and commercial applications.
The six-year satellite development programme will see the first satellite launch in three years, a much faster time to launch than was possible using traditional earth observation satellite design principles. The Sirb satellites will be built through a number of partnerships between the Emirati public and private sector together with international players, with submissions being opened for a range of system integration, development and subsystem construction opportunities as part of the constellation development, launch, operation and commercialisation plan.
As well as addressing critical human needs for more wide-ranging data, the Sirb constellation provides a private sector opportunity that bridges the gap between the Emirates Mars Mission and the upcoming Beyond Mars Mission to Venus and the Main Asteroid Belt, due to launch in 2028.