Minister Ahmad Belhoul Al Falasi, Chairman of the UAE Space Agency, confirmed that the country will invest $12 billion (AED 44 billion) to strengthen its rapidly growing space sector — a move that reflects the government’s confidence in turning space exploration into a long-term commercial industry.
In remarks reported by Emirates News Agency (WAM), Al Falasi said that private sector participation is accelerating, adding that local and international companies are becoming key partners in advancing the UAE’s technological capabilities.
“The UAE’s space journey is evolving from government-led exploration to an industry powered by innovation, entrepreneurship, and global collaboration,” Al Falasi said.
Over the past decade, the UAE has built a strong foundation with milestones such as the Emirates Mars Mission, the locally built KhalifaSat, and the Rashid Rover lunar project. These missions have not only showcased the country’s engineering strength but also created a launchpad for private companies to enter the market.
The newly announced $12 billion fund will fuel research, satellite manufacturing, and advanced data applications, while opening the door to international partnerships. The UAE Space Agency said the investment aligns with its long-term strategy to diversify the economy and create high-skilled jobs across technology, science, and education.
More than 80 entities and 3,000 professionals are already active in the UAE’s space ecosystem — a number expected to rise sharply as new regulations, incubators, and funding programs are rolled out to attract startups and investors.
For the UAE, space is no longer just about exploration; it’s becoming a cornerstone of national growth. With fresh capital, rising private participation, and a clear vision for innovation, the country is positioning itself as the region’s leading hub for the space economy.
UAE bets $12 Billion on space to power its next economic frontier