UAE president establishes $817 million fund for space sector

UAE President Mohamed bin Zayed announced an $817 million fund to support space sector in a post on Twitter early Sunday.

“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.

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.

— محمد بن زايد (@MohamedBinZayed) July 17, 2022