The UAE has been growing their knowledge base economy significantly over recent years and space is a new sector where opportunities for the private sector are becoming a reality. The UAE Space Agency + Masdar City Free Zone have created a dedicated Space Economic Zone to encourage public-private partnerships in building the vision of the UAE to join other leading nations in space.
Businesses will be offered benefits including incubation, office space, mentorship, networking and investment opportunities.
The Space Economy Zone programme aims to create a sustainable and effective framework to facilitate public-private partnerships; build an attractive and integrated business environment for local and global companies; support the growth of national space technologies and services; stimulate innovation and adopt advanced technologies; and support the establishment of homegrown startups and accelerate their growth.
We will be following the developments at Masdar and identifying opportunities for our clients and partners to participate in this truly exciting new area of growth in the UAE.