(MENAFN- Mid-East) industry luminaries discuss significance of strategic investments and technological advancements in driving UAE's space goals.
Abu Dhabi-UAE: A panel on the second day of the Make it in the Emirates Forum featured a panel titled 'Exploring the Final Frontier: The UAE's space ambitions as a new investment magnet for future growth'.
The session examined the UAE's capacity to drive global advancements in space technology, emphasizing its substantial investments in satellite communications, space exploration, and data services. The sector's growth is shown by a 40% rise in space service and application contracts in 2020, alongside space-related education and training programs. In line with the National Space Strategy 2030, the UAE is also developing a sustainable and competitive space industry, balancing innovation with economic viability.
It featured: His Excellency Salem Butti Salem Al Qubaisi, Director General of the UAE Space Agency; H.E. Dr. Mohammed Al Ahbabi, Senior Advisor, Economic Warfare at EDGE Group; Kuljit Ghata-Aura, President – Middle East, Türkiye, Africa & Central Asia at Boeing; and Vincenzo Giorgio, VP Institutional Marketing & Sales Thales Group & CEO of ALTEC.
About the Ministry of Industry and Advanced Technology:
The Ministry of Industry and Advanced Technology (MoIAT) was established in July 2020 to boost the industrial sector's contribution to the UAE's GDP and drive sustainable industrial development. The ministry was formed by combining the Office of the Minister of State for Advanced Technology, the Emirates Authority for Standardization and Metrology (ESMA), and the industrial department of the Ministry of Energy and Infrastructure.
MoIAT is responsible for formulating policies, laws, and programs that attract foreign direct investment, enhance national added value, support entrepreneurship, create jobs, attract talents, upskill national cadres, promote exports and raise the competitiveness of products manufactured in the UAE. To achieve these objectives, MoIAT has created an advanced national quality infrastructure system.
MoIAT leverages its expertise, capabilities, and resources to strengthen the national industrial ecosystem by facilitating the establishment of industrial zones, promoting the adoption of advanced technologies and the integration of Fourth Industrial Revolution solutions and enabling the growth of priority sectors as well as industries of the future. The ministry's work contributes to national efforts to build a diversified, knowledge-based economy and achieve industrial self-sufficiency.
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