Space the final tourism frontier


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ABU DHABI // The growing domestic demand for space tourism is the first step in the commercialisation of the region's space exploration programmes, delegates to a conference in Abu Dhabi were told yesterday. Humanity must explore space not only to capitalise on huge economic opportunities, said Eric Anderson, the chief executive of Space Adventures. Our innate desire to explore means we should do it anyway. "Decades from now, we will need to bring the resources of the solar system into our economic sphere of influence," he told delegates to the Global Space Technology Forum being held in Abu Dhabi this week. "We need to colonise other planets." And Earth's history, marked by catastrophic events that have reshaped the path of life itself, makes space exploration an even more pressing necessity. "These events will happen again," Mr Anderson said, "and it is a prime reason why we as humans need to become a multi-planet species. To ensure our long-term survival, humans need to have more than one home." Mr Anderson's company, which he founded in 1998, operates in the commercial space industry. In co-operation with the Russian Space Agency, it has sent a handful of space tourists on 10-day trips to the International Space Station. One of these tourists, Anousheh Ansari, paid an undisclosed sum believed to be up to US$20 million (Dh73.4m) to explore the final frontier through Space Adventures. Ms Ansari also financed the $10m X-Prize, a competition that challenged entrepreneurs to develop a private-sector manned space craft. The technology behind the winning design, by the company Scaled Composites, forms the basis of the Virgin Galactic space tourism business. Ms Ansari will speak at the forum tomorrow. Space Adventures is branching out from space tourism, looking to become a service provider to government-led national space programmes. It will even outsource much of the work of these programmes, building mission-control centres and training academies. "Contact us today to set up your national space programme," a promotional video at the conference targeting governments urged. The commercialisation of the space exploration industry, led by companies such as Space Adventures and Virgin Galactic, is driven largely by tourism. More than 50 per cent of respondents to a recent survey said they would purchase a ticket for a commercial space flight if it was affordable. Virgin Galactic has already taken more than $40m in deposits from customers looking to secure a $200,000 seat on one of the company's early flights. The world's first charter booking for an entire Virgin Galactic ship was made earlier this year in Dubai, said Sharon Garrett, the company's head of space marketing for the Middle East. Demand for Virgin Galactic flights from UAE customers had been strong, she added. This week's conference is the first commercial space forum targeting the Middle East. It would become an annual event, said Louisa Theobald, the group exhibitions director of Streamline Marketing, the organisers of the forum. tgara@thenational.ae

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Pharaoh's curse

British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.

The specs

Engine: Two permanent-magnet synchronous AC motors

Transmission: two-speed

Power: 671hp

Torque: 849Nm

Range: 456km

Price: from Dh437,900 

On sale: now

WOMAN AND CHILD

Director: Saeed Roustaee

Starring: Parinaz Izadyar, Payman Maadi

Rating: 4/5

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

UPI facts

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