UAE Space Agency

Um, um, the, the same team had to set up a council for scientists.

The same team had to set up an, uh, a ministry for advanced tech, uh, and the same team had to set up the, the, the UAE Space Agency.

Uh, and, and today we saw the effect of that, the ripple effect on the science tech ecosystem, how that's being translated in, into new different areas, which includes AI, quantum, and other emerging technology, uh, areas.

That's interesting.

Boom to blast off.

Haha, that's right, Tom, because we've got some staggering new numbers out from the UAE Space Agency.

And honestly, the growth here is nothing short of astronomical.

You had to jump in too, didn't you? But yeah, it really is.

Starting with a fact, the UAE's space economy growing by 27% in just one year.

In the next few minutes, we are going to be joined by His Excellency Salaam Bouti Salaam al-Khubaisi, Director General of the UAE Space Agency.

He's going to talk us through the role of the private sector in that number.

Meanwhile, MR founder Mohamed Alaba sharing his views on Dubai's investment outlook.

The UAE's space economy is now officially worth 5.52 billion dirhams in annual spending.

That's billion with a B.

And that is according to a new survey from the UAE Space Agency that also shows that almost half of that spending is now coming from private companies rather than the government.

We've also seen a sharp increase in the number of Emiratis working in the sector, particularly women and young people, which, of course, is very positive news.

And the very first International Space Summit took place in Paris, and the UAE was right there in the room, not as a guest, but as a leader.

Now, Dr. Ahmed Belhoul Al Falasi, the head of the UAE Space Agency, of course, he flew all the way to Paris, and he sat at the table with presidents, with prime ministers, and the biggest names in the space world.

Countries like France, Finland, Greece, the UK, and South Korea were all there.

And the United Arab Emirates, of course, was right in the middle of it all.