UAE's Crown Prince highlights the country's rapid space sector growth, planned satellite launches, and significant investments.

The UAE's Crown Prince chaired a meeting of the country's Supreme Space Council, highlighting the rapid growth of the UAE's space sector, which has seen investments of AED40 billion. Research and development spending has increased by 14.8%, and the private sector is financing 44.3% of the sector, which has grown by 29% annually. The UAE plans to launch two satellites in the coming months: Thuraya 4 in December 2024 and MBZ-SAT in January 2025, aiming to expand satellite communications and high-resolution imaging capabilities.

3 months ago
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