Is the GCC set to see more startups in the space sector? – Gulf Business

  • It was a moment that made the entire Middle East – and wider Arab World – proud: at precisely 2:59 p.m. Gulf time on October 3, Hazzaa Al Mansoori returned to Earth after eight days aboard the International Space Station (ISS), fulfilling a dream of Sheikh Zayed bin Sultan Al Nahyan, founder of the UAE.
  • Among the numerous achievements on Al Mansoori’s orbital mission: becoming the first Emirati to go to space, and the first Arab to visit the ISS.
  • In the past two years alone, UAE investments in space have exceeded Dhs22bn, leading to the establishment of 57 space-related entities and the creation of 1,500 jobs, according to a report from Emirates News Agency (WAM).
  • They were acquired by another UAE-based satellite company, Yahsat, in 2018 – creating one of the world’s largest satellite companies.

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