The UAE Space Agency, in partnership with Luxembourg Space Agency and Abu Dhabi Global Market (ADGM), organised the UAE/Luxembourg Space Investor Forum workshop last week.
The event brought together high-level officials from both the UAE and Luxembourg to convene with investment stakeholders, companies, and experts from the space industry and public authorities to exchange experiences in space sector investment trends.
The workshop, supported by the Embassy of Luxembourg in Abu Dhabi, saw attendees participate in discussions that will drive forward the UAE space industry as well as current and future partnerships between the UAE and Europe.
The delegation from the UAE Space Agency was led by HE Ahmad Belhoul Al Falasi, Minister of State for Higher Education and Advanced Skills and Chairman of the UAE Space Agency, and HE Eng. Mohammed Nasser Al Ahbabi, Director General of the UAE Space Agency.
As part of the workshop, the UAE Space Agency highlighted its Space Investment Promotion Plan and its role in supporting UAE investors accessing opportunities, as well as strategic benefits derived from involvement in the sector.
The Investment Promotion Plan builds upon the UAE’s growing national space sector, supports international partnerships, and encourages investment in the space sector in the UAE and abroad.
The workshop also discussed the investment opportunities and trends in the space industry in the European market and showcased Luxembourg as a gateway to the European space investment market with a focus on the prominent supply chain companies that exist there.
Commenting on the workshop, HE Al Falasi, said: “We are delighted to have partnered with the Luxembourg Space Agency and Abu Dhabi Global Market for this workshop. As we enter one of the UAE space sector’s most exciting years with the upcoming launch of the Emirates Mars Mission, it is essential that we continue building on these valued relationships and partnerships.”
HE Eng. Mohammed Nasser Al Ahbabi added: “With support from the Luxembourg Space Agency through our existing bilateral agreement with them, we can access the European space market, allowing us to share knowledge, experiences and resources. As part of the workshop, we have successfully showcased our Investment Promotion Plan, which will allow the UAE’s space program to flourish both locally and internationally.”
Juma Al Hameli, Senior Executive Director of Strategy and Business Development at ADGM, remarked: “We look forward to supporting the space agency to provide the platform for the Space Tech start-ups through our Entrepreneurship Support and Tech Start-Up programmes, as well as Hub71, a key initiative of the Abu Dhabi government’s Ghadan 21 economic accelerator programme.”