The National Space Fund is an AED 3 billion fund from UAE Space Agency. It will support ground-breaking programmes that support international and Emirati companies co-operating in space sector engineering, sciences and research applications.
The National Space Fund aims to build national capabilities and competencies, raise the economic contribution to diversifying the national economy, and consolidate the UAE’s position in the space sector. It will be managed and supervised by the UAE Space Agency.
The Fund is set up to develop the infrastructure supporting the space industry, and create an appropriate environment to attract start-ups in space. In addition, the National Space Fund aims at adopting governance systems to achieve leadership in the space sector, attracting specialized global companies, and building partnerships between national and international advanced technology companies.