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Home World Middle East

UAE establishes $817m fund for space sector

July 17, 2022
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The UAE establishes an 817 million dollar fund for the space sector
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UAE establishes an $817m fund for the space sector

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

The president announced the establishment of a national fund to support the space sector with a capital of three billion dirhams and the launch of a national program for the development of modern radar satellites called “Sarb”.

“The establishment of a dedicated fund to support the burgeoning UAE space program and the launch of a new radar satellite development initiative should expand our growth capabilities in this vital sector while accelerating innovation in environmental sustainability “, tweeted the president.

The establishment of a dedicated fund to support the burgeoning UAE space program and the launch of a new radar satellite development initiative should expand our growth capabilities in this vital sector, while accelerating innovation in sustainability. environmental.

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

Sheikh Mohammed bin Rashid Al Maktoum, vice president, prime minister, and ruler of Dubai of the United Arab Emirates said on Twitter that the “Sarb” project aims to develop the country’s competitiveness in the space sector.

“The first project to develop a swarm of radar satellites using modern imaging technology, day and night, in all weather conditions, with an accuracy of one meter,” he wrote in Arabic on Twitter.

أطلقت الإمارات اليوم مشروع “سرب”.. أول مشروع لتطوير سرب من الأقمار الصناعية الرادارية التي تستخدم تكنولوجيا تصوير حديثة ليلاً ونهاراً وفي كافة الظروف الجوية وبدقة متر واحد.. سرب الأقمار الصناعية الجديد هدفه تطوير تنافسيتنا في قطاع الفضاء والحفاظ على البيئة من عوامل التغير المناخي

– His Highness Sheikh Mohammed (@HHShkMohd) July 17, 2022

Tags: newsSpaceUAE space programUnited Arab Emirates
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