Crown Prince Approves Major Strategy to Double Space Sector Investment
February 10, 2025 | Innovation
Abu Dhabi – His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has approved a comprehensive new strategy aimed at transforming the UAE into a global hub for space technology.
The "Space 2031" directive seeks to double the sector's contribution to the national economy, focusing on satellite manufacturing, space data analytics, and future astronaut missions.
Investment Opportunities
UAE Royal Capital views this as a prime opportunity for ethical, future-forward investment. The strategy emphasizes:
- Knowledge Economy: Creating high-skill jobs for Emirati youth in STEM fields.
- Climate Monitoring: Using space data to track environmental changes and desertification.
- Private Sector Integration: Incentivizing private companies to lead R&D initiatives.
"Investing in space is investing in life on Earth," said Dr. Li Wei, our Head of Asia Pacific. "We are launching a dedicated 'Future Tech Fund' to support startups aligned with this royal vision."