The UAE Space Agency outlined the tremendous business opportunities in space exploration, scientific research and its potential to advance economic growth and human progress at Expo 2020 Dubai.

Her Excellency Sarah bint Yousef Al Amiri, Minister of State for Advanced Technology and Chairwoman of the UAE Space Agency said the UAE’s space industry can become a key driver of economic growth and prosperity for the next 50 years. Delivering a keynote speech at the Space Business Forum, Her Excellency said her overriding objective was to ensure the UAE becomes a global player in the space industry.

In this endeavor, the UAE Space Agency will work more closely with the private sector to ensure startups, entrepreneurs and new companies have the opportunity to enter the race to space. It will deepen collaboration and cooperation with local and global stakeholders to make the industry more accessible and create an attractive and competitive ecosystem that encourages business innovation.

Her Excellency Sarah Al Amiri, UAE Minister of State for Advanced Technology and Chairwoman of the UAE Space Agency said: “From the future of travel and the next frontier of business innovation to creating an environment that encourages sustainable growth, space represents the next frontier of innovation. Our mission to explore Venus and the Asteroid Belt between Jupiter and Mars will serve as a catalyst for progress and an opportunity to transfer knowledge to the private sector. It will support the creation of new Emirati aerospace companies and contribute to the growth of a competitive and attractive ecosystem to consolidate the UAE space industry’s status a global player. We will work hand-in-hand with the private sector to ensure scientific and technical expertise from our interplanetary missions is accessible, whilst simultaneously creating a robust regulatory and business framework to consolidate our innovation-driven economy.”  

The Space Business Forum welcomed business leaders, astronauts, cosmonauts, entrepreneurs, investors, innovators and government leaders from around the world to explore a central thematic question: how do we safely and productively explore new frontiers?   It provided an opportunity to discuss pressing issues such as the future of space travel, the next frontier of business innovation, the growing need to commercialize space applications and technologies, using satellites to monitor climate change and conservation, enabling space explorers of tomorrow, and role space innovation plays in our day-to-day lives.

Source: APCO Worldwide