Emirati astronaut Dr Sultan Al Neyadi, Minister of State for Youth Affairs, with Suhail – his trusty space-travelling mascot – in the International Space Station. Photo: Dr Sultan Al Neyadi
Emirati astronaut Dr Sultan Al Neyadi, Minister of State for Youth Affairs, with Suhail – his trusty space-travelling mascot – in the International Space Station. Photo: Dr Sultan Al Neyadi
Emirati astronaut Dr Sultan Al Neyadi, Minister of State for Youth Affairs, with Suhail – his trusty space-travelling mascot – in the International Space Station. Photo: Dr Sultan Al Neyadi
Emirati astronaut Dr Sultan Al Neyadi, Minister of State for Youth Affairs, with Suhail – his trusty space-travelling mascot – in the International Space Station. Photo: Dr Sultan Al Neyadi

UAE investment in thriving space sector nearly doubles to Dh40bn since 2015


Sarwat Nasir
  • English
  • Arabic

The UAE has nearly doubled investment in its space sector in the past nine years, from Dh22 billion ($6 billion) in 2015 to more than Dh40 billion.

A board meeting was held by the UAE Space Agency on Monday, in which members discussed projects, regulations, legislation and investment in the sector.

The rise in investment was made possible due largely to commercial spending in the industry, which surged by 29.51 per cent year-on-year, as well as a 7.73 per cent increase in the sector's overall value.

The first board meeting of the year was chaired by Dr Ahmad Al Falasi, Minister of Education, who was reappointed chairman of the UAE Space Agency this year, having previously replaced Sarah Al Amiri, Minister of State for Public Education and Advanced Technology.

It was also attended by Dr Sultan Al Neyadi, Minister of State for Youth Affairs and seasoned UAE astronaut.

Investing in the future

“Space investment is an investment in the nation and its children’s future, as this vital sector represents a key driver of innovation and creates new and diverse opportunities for sustainable economic growth," Dr Al Falasi said.

A growing number of related companies are setting up operations in the UAE, which helps to boost investment in the space scene and increase commercial spending.

A dedicated economic zone has been set up to encourage further growth in the industry and 14 companies have started operating there since it was launched in 2022.

The number of government-led projects is also increasing, with a mission to the main asteroid belt between Mars and Jupiter also in the pipeline.

The cost of the Emirates Mission to the Asteroid Belt has not yet been revealed but is expected to be backed by significant input from private companies.

It will be carried out over a 13-year period, with a launch date expected in 2028.

The MBR Explorer, named after Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, will study seven asteroids and attempt to land on one.

It will swing by Venus and Mars, in an attempt to capture images and record data of those planets on the way.

International collaboration

The Mohammed bin Rashid Space Centre is also helping to supply Nasa with a science airlock – an airtight room that is used to enter and exit a space station – for its Lunar Gateway programme.

The cost of the project was not disclosed, but an airlock would typically cost about $100 million (Dh367.2 million).

In exchange, an Emirati will fly to the station, although a separate agreement would need to be signed for a UAE citizen to land on the Moon's surface.

Salem Butti Al Qubaisi, director general of the agency, said it plans to continue developing new space exploration projects.

"We aspire to draw in a greater pool of skilled talents, providing them with robust training and fostering the development of their expertise across space sciences and other fields," he said.

"This concerted effort is geared towards ensuring the sustainability and continuous advancement of the national space sector, both in the immediate term and in the long-term.”

Details of the UAE's Emirates Mars Mission, which involved the Hope probe, were also discussed at the board meeting.

The spacecraft has gathered more than 4.1 terabytes of data on the Martian atmosphere since it reached orbit in 2021, with the information contributing to more than 270 scientific papers.

It was announced in February last year that the country's Mars mission would be extended by another year.

But the agency could decide to keep the mission going beyond then, depending on budgets and the health of the spacecraft.

Even if the mission ends, the Hope probe has played a major role in helping to shape the country's space programme.

The public-private partnership model used in the project has been adopted to help develop the mission to the asteroid belt.

Results

6.30pm: Mazrat Al Ruwayah Group Two (PA) US$55,000 (Dirt) 1,600m; Winner: Rasi, Harry Bentley (jockey), Sulaiman Al Ghunaimi (trainer).

7.05pm: Meydan Trophy (TB) $100,000 (Turf) 1,900m; Winner: Ya Hayati, William Buick, Charlie Appleby.

7.40pm: Handicap (TB) $135,000 (D) 1,200m; Winner: Bochart, Richard Mullen, Satish Seemar.

8.15pm: Balanchine Group Two (TB) $250,000 (T) 1,800m; Winner: Magic Lily, William Buick, Charlie Appleby.

8.50pm: Handicap (TB) $135,000 (T) 1,000m; Winner: Waady, Jim Crowley, Doug Watson.

9.25pm: Firebreak Stakes Group Three (TB) $200,000 (D) 1,600m; Winner: Capezzano, Mickael Barzalona, Salem bin Ghadayer.

10pm: Handicap (TB) $175,000 (T) 2,410m; Winner: Eynhallow, Mickael Barzalona, Charlie Appleby.

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COPA DEL REY

Semi-final, first leg

Barcelona 1 (Malcom 57')
Real Madrid (Vazquez 6')

Second leg, February 27

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Results

1.30pm Handicap (PA) Dh50,000 (Dirt) 1,400m

Winner Al Suhooj, Saif Al Balushi (jockey), Khalifa Al Neyadi (trainer)

2pm Handicap (TB) 68,000 (D) 1,950m

Winner Miracle Maker, Xavier Ziani, Salem bin Ghadayer

2.30pm Maiden (TB) Dh60,000 (D) 1,600m

Winner Mazagran, Tadhg O’Shea, Satish Seemar

3pm Handicap (TB) Dh84,000 (D) 1,800m

Winner Tailor’s Row, Royston Ffrench, Salem bin Ghadayer

3.30pm Handicap (TB) Dh76,000 (D) 1,400m

Winner Alla Mahlak, Adrie de Vries, Rashed Bouresly

4pm Maiden (TB) Dh60,000 (D) 1,200m

Winner Hurry Up, Royston Ffrench, Salem bin Ghadayer

4.30pm Handicap (TB) Dh68,000 (D) 1,200m

HAJJAN
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WE%20NO%20LONGER%20PREFER%20MOUNTAINS
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A Long Way Home by Peter Carey
Faber & Faber

COMPANY%20PROFILE
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COMPANY PROFILE

Name: Rain Management

Year started: 2017

Based: Bahrain

Employees: 100-120

Amount raised: $2.5m from BitMex Ventures and Blockwater. Another $6m raised from MEVP, Coinbase, Vision Ventures, CMT, Jimco and DIFC Fintech Fund

Ruwais timeline

1971 Abu Dhabi National Oil Company established

1980 Ruwais Housing Complex built, located 10 kilometres away from industrial plants

1982 120,000 bpd capacity Ruwais refinery complex officially inaugurated by the founder of the UAE Sheikh Zayed

1984 Second phase of Ruwais Housing Complex built. Today the 7,000-unit complex houses some 24,000 people.  

1985 The refinery is expanded with the commissioning of a 27,000 b/d hydro cracker complex

2009 Plans announced to build $1.2 billion fertilizer plant in Ruwais, producing urea

2010 Adnoc awards $10bn contracts for expansion of Ruwais refinery, to double capacity from 415,000 bpd

2014 Ruwais 261-outlet shopping mall opens

2014 Production starts at newly expanded Ruwais refinery, providing jet fuel and diesel and allowing the UAE to be self-sufficient for petrol supplies

2014 Etihad Rail begins transportation of sulphur from Shah and Habshan to Ruwais for export

2017 Aldar Academies to operate Adnoc’s schools including in Ruwais from September. Eight schools operate in total within the housing complex.

2018 Adnoc announces plans to invest $3.1 billion on upgrading its Ruwais refinery 

2018 NMC Healthcare selected to manage operations of Ruwais Hospital

2018 Adnoc announces new downstream strategy at event in Abu Dhabi on May 13

Source: The National

PRISCILLA
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MATCH INFO

Europa League semi-final, second leg
Atletico Madrid (1) v Arsenal (1)

Where: Wanda Metropolitano
When: Thursday, kick-off 10.45pm
Live: On BeIN Sports HD

The story in numbers

18

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450,000

More than this many Palestinian refugees are registered with UNRWA in Lebanon, with about 45 per cent of them living in the country’s 12 refugee camps

1.5 million

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73

The percentage of stateless people in Lebanon, who are not of Palestinian origin, born to a Lebanese mother, according to a 2012-2013 study by human rights organisation Frontiers Ruwad Association

18,000

The number of marriages recorded between Lebanese women and foreigners between the years 1995 and 2008, according to a 2009 study backed by the UN Development Programme

77,400

The number of people believed to be affected by the current nationality law, according to the 2009 UN study

4,926

This is how many Lebanese-Palestinian households there were in Lebanon in 2016, according to a census by the Lebanese-Palestinian dialogue committee

Updated: April 23, 2024, 1:44 PM