UAE launches $816 mln fund to support space sector

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Azer News

By Trend The United Arab Emirates has established an $186 million (AED 3billion) fund to support the space sector, President Sheikh Mohamedbin Zayed announced on Sunday, Trend reports citing Al Arabiya. The Space Fund, launched on Sunday, aims to support theestablishment of new companies in the sector, to develop thecapabilities of the industry in terms of technological development,as well as encourage new national strategic and researchprojects. The UAE government also announced the launch of a nationalproject for radar satellites, including the first Arab satellitefor radar sensing. In a fir…

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