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Dubai Chamber whitepaper examines growth potential of UAE space economy

Dubai Chamber whitepaper examines growth potential of UAE space economy

Space manufacturing could grow to one of the UAE’s most hopeful sectors and principal support of business growth over the next 50 years, according to a modern whitepaper published by Dubai Chamber of Commerce and Industry.

 

The report, titled Space Economy Investment Opportunities for the UAE, identifies 10 areas of the space economy that offer the greatest investment potential for the UAE, particularly space mining, space stations, space settlements, space law, sustainability in space and recycling, space tourism, space companies, and space academies that involve making astronauts for industrial flights, space management, and growing and building spaceship components.

 

Developing the UAE’s space economy

 

The UAE’s purpose to the International Space Station in 2019 and the launch of the Hope Probe to Mars earlier this year were significant steps placing the country as an international player in space travel and research.

 

These important developments are paving the way for new venture possibilities and public-private sector companies that could take the UAE’s space market to new heights, improve the country’s economic competitiveness and bond its status as an innovation leader.