Middle East

United Arab Emirates Space Agency establishes special economic zone in Masdar City

The United Arab Emirates space agency and Masdar will establish the country’s first space economy in Masdar City to support start-ups and small businesses.

This zone is an incubator for research and development and aims to provide the infrastructure and environment needed to promote the development of the national space industry.

Companies are offered benefits such as incubation, office space, mentorship, networking, investment opportunities, access to government contracts, global research centers, and collaboration with official news agencies. WAM report.

The Space Economy Zone program has four main pillars: the Space Economy Accelerator Group, the Space Research Institute, Space Government Services, and Workspace. The aim is to create a sustainable framework for promoting public-private partnerships. Build an integrated business environment for local and global enterprises. We support the growth of national space technology and services. We support the establishment of startups in our country and accelerate their growth.

In line with the agreement, Masdar City Free Zone will provide business licenses to space companies such as launch sector, satellite communications, logistics, data analytics, science, technology and engineering. Masdar City is already functioning as the headquarters of the UAE Space Agency and the International Renewable Energy Agency (IRENA).

Sarah Binto Eusif al-Amiri, Minister of Advanced Technology and Chair of the UAE Space Agency, said: Masdar City’s Space Economy Zone is a stimulus in our strategy to create a competitive private sector, build national capacity, promote public-private partnerships, promote research and development, and encourage entrepreneurship. Milestone.

Salem Butti Salem al-Kubaisi, Director General of the United Arab Emirates Space Agency, said: To support the establishment of new space technology companies, we provide a business-friendly ecosystem with world-class infrastructure and competitive services. “

“The partnership to launch the first Space Economy Zone, already home to the UAE Space Agency, extends the outstanding services offered by Masdar City’s Free Zone to a new and exciting frontier. Not only to promote entrepreneurship and economic development within the fast-growing space sector, but also to attract and develop the most talented professionals from inside and outside the region, “says Masdar CEO Mohammed al-Ramahi. Says.



https://gulfbusiness.com/uae-space-agency-to-establish-economic-zone-at-masdar-city/ United Arab Emirates Space Agency establishes special economic zone in Masdar City

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