UAE establishes $817 million fund for space sector ...Saudi Arabia

Sun, 2022-07-17 10:20 DUBAI: UAE President Mohamed bin Zayed announced an $817 million fund to support space sector in a post on Twitter early Sunday. The president announced a new AED3 billion national investment and development fund for the space sector, The National Space Fund.  “The establishment of a dedicated fund to support the UAE’s burgeoning space programme and the launch of a new initiative to develop radar satellites are expected to expand our growing capabilities in this vital sector while accelerating innovation in environmental sustainability,” the president tweeted. Main category: Middle-East

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