UAE announces new 3 billion dirhams space sector fund

UAE announces new 3 billion dirhams space sector fund
Sunday 17 July 2022 - 11:38

The UAE on Sunday announced establishing a 3 billion dirhams national fund to support the space sector in the country.

 It also announced the launch of the national program for radar satellites to provide radar imaging around the clock and in all weather conditions, the first of its kind in the Arab world.

The Emirates News Agency, WAM, stated that the launch of the fund and the program came with the support of the President of the UAE, Sheikh Mohammed bin Zayed Al Nahyan.

The fund seeks to give impetus to the UAE’s space science and technology industry.

The project aims to achieve a wide range of goals, including climate change and environmental sustainability challenges, urban development,food insecurity,  among others.

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