Space sector key to future and sustainable growth in UAE, says Sheikh Hamdan
Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of the Supreme Space Council, met with representatives of leading space sector startups operating in the UAE.
The meeting is part of Sheikh Hamdan's keenness to advance the national space ecosystem and further promote its role as a global leader in the space industry.
Sheikh Hamdan underscored the importance of strong partnerships and strategic collaboration between the public and private sectors as a foundation for developing an advanced and innovative space ecosystem.
He highlighted that continuous innovation and long-term investment in future technologies are essential to this progress.
Sheikh Hamdan also expressed confidence in the capabilities of UAE-based companies and entrepreneurs, noting their crucial role in driving the growth of the local space industry and strengthening the country's position as a leading global hub in this strategic field.
Sheikh Hamdan also highlighted the space sector as a vital driver of the future and sustainable economic growth. He stressed the UAE's ongoing efforts to build a supportive environment that fosters the growth of national companies and unlock new opportunities for investment and innovation, boosting the country's global competitiveness and leadership in space.
The private sector is leading the space scene in the UAE, reaffirming the maturity of national investments that have been established over the past three decades.
A number of the UAE-based companies took part in the meeting, representing a wide range of specialisations, including locally developed Internet of Things (IoT) solutions, artificial intelligence and remote sensing, commercial space ecosystem development, edge computing for robotics applications, high-resolution Earth observation via microsatellites, as well as AI systems, robotics, interactive simulation technologies, and reusable space launch systems.
Participants shared insights into their current projects, long-term strategies, and future investment plans in support of the national economy. Discussions focused on strengthening public-private collaboration, expanding operations both locally and internationally, and exploring promising opportunities within the UAE's growing space sector—highlighting the private sector's central role in shaping a globally competitive and integrated space industry.
Company representatives reaffirmed their commitment to the UAE's space ambitions and outlined plans to expand their operations within the country.
They praised the UAE's flexible regulatory framework and advanced infrastructure as key enablers of sustained investment. Attendees also welcomed initiatives such as the Space Economic Zones Programme, which they said play a vital role in enabling collaboration and fostering long-term, sustainable growth across the space ecosystem.
The meeting was attended by Dr Ahmad Belhoul Al Falasi, Minister of Sports, Secretary-General of the Supreme Space Council, and Chairman of the Board of Directors of the UAE Space Agency; Khalid Al Awadi, founder of Rimal; Ibrahim Al Obaidly, founder of Ardhiyat Al Ibdaa Information Solutions; David Critchley, CEO of 4EI; Dr Hamdullah Mohib, CEO of Marlan Space; Alex Lapir, CEO of Aliensense; Abdulhalim Jallad, co-founder of Oryx Space; and Stan Rudenko, CEO of Aspire Space Technology.
WAM
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gulf Today
7 hours ago
- Gulf Today
Nvidia insiders sold over $1 billion in stock amid market surge, reports Financial Times
Nvidia insiders sold over $1 billion worth of company stock in the past year, with a notable uptick in recent trading activity as executives capitalize on surging investor interest in artificial intelligence, the Financial Times reported on Sunday. More than $500 million of the share sales took place this month as the California-based chip designer's share price climbed to an all-time high, the report said. Jensen Huang, Nvidia's chief executive, started selling shares this week for the first time since September, the SEC filing showed. Nvidia's stock hit a record on Wednesday, and the chipmaker reclaimed the crown as the world's most valuable company after an analyst said the chipmaker was set to ride a "Golden Wave" of artificial intelligence. Its latest gains reflect the U.S. stock market's return to the "AI trade" that fueled massive gains in chip stocks and related technology companies in recent years on optimism about the emerging technology. Nvidia declined to comment on the FT report. Reuters could not immediately confirm the report. Nvidia's shares have rebounded over 60% from their closing low on April 4, when Wall Street was reeling from President Donald Trump's global tariff announcements. U.S. stocks, including Nvidia, have recovered on expectations the White House will reach trade deals to soften the tariffs. Reuters
UAE Moments
7 hours ago
- UAE Moments
♍ Virgo: Daily Horoscope for June 30th, 2025
Virgo, today is a day to embrace your innate organizational skills. The universe is aligning to support your meticulous nature, encouraging you to tackle tasks with precision and care. Love Horoscope Today, Virgo, love is in the details. You might find yourself drawn to the small gestures that speak volumes in your relationships. Whether it's a partner, friend, or family member, showing appreciation for their little quirks can deepen your connection. If you're single, pay attention to the subtle signs of interest from someone you might have overlooked. Remember, love doesn't always shout; sometimes it whispers. Embrace these quiet moments and let them guide you to a more profound understanding of those you care about. Career Horoscope At work, Virgo, your logical and analytical skills are in the spotlight. Today, you'll find success by focusing on the finer points of your projects. Your ability to break down complex tasks into manageable steps will impress your colleagues and superiors. Don't shy away from sharing your insights; your eloquence can inspire others and foster a collaborative environment. Remember, your methodical approach is not just a tool for efficiency but a way to innovate and elevate the team's performance. Embrace the challenges and let your work shine. Health Horoscope Your well-being today is tied to your ability to find balance, Virgo. With your tendency to focus on details, it's important to step back and breathe. Consider incorporating a brief meditation or a walk in nature into your routine to clear your mind. These moments of peace can help you recharge and maintain your mental clarity. Remember, taking care of yourself is not a luxury but a necessity. By nurturing your inner calm, you'll be better equipped to handle whatever challenges come your way. Finance Horoscope In the realm of finances, Virgo, your meticulous nature is your greatest asset. Today, take some time to review your budget or financial plans. You might discover small areas where you can save or invest more wisely. Your attention to detail will help you spot opportunities that others might miss. However, avoid being overly critical of your financial situation. Trust in your ability to manage your resources effectively, and remember that every small step towards financial stability counts.
Al Etihad
8 hours ago
- Al Etihad
Etihad Rail delegation explores rail cooperation with Kuwait
29 June 2025 21:24 KUWAIT (WAM)A delegation from Etihad Rail, led by the CEO Shadi Malak, met with Dr. Noura Mohammed Khaled Al-Mishaan, Minister of Public Works of the State of Kuwait, to discuss strengthening joint cooperation and exchanging expertise in railway infrastructure among GCC the meeting, Minister Dr. Al-Mishaan highlighted Kuwait's commitment to learning from leading railway development experiences, particularly the successful UAE-Oman partnership in establishing Hafeet Rail, describing it as a model of Gulf integration in transport and infrastructure emphasised that collaboration in this vital sector reflects Kuwait's support for advancing Gulf integration and strengthening economic and geographic connectivity among GCC states. She also stressed the importance of ongoing coordination between technical teams to implement high-quality projects that meet the region's development Al Rashidi, Under-Secretary of the Kuwaiti Ministry of Public Works, underscored the ministry's priority in leveraging successful regional experiences, noting that early collaboration in planning and execution stages is key to building a sustainable rail network that supports regional integration and shared development meeting included a technical presentation outlining Kuwait's future railway project plans. Minister Dr. Al-Mishaan presented the ministry's vision to establish a sustainable national railway network grounded in regional and international best practices. The vision takes into account both environmental and economic factors, aligning with Kuwait's broader sustainable development objectives.
