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UAE survey to assess economic impact of space sector

UAE spent $2.96 billion on space-related activities between 2015-2020

UAE survey to assess economic impact of space sector
[Source photo: Anvita Gupta/Fast Company Middle East]

In the past few years, the UAE has announced many space projects, solidifying the country’s status as a leader in the advancement of space technology, and the number of private companies is also increasing. According to Salem Al Qubaisi, director-general of the UAE Space Agency, the UAE spent $2.96 billion commercially on space-related activities between 2015 and 2020, and the number of contracts for space services and applications rose by 40% that same year.

To measure how the space sector has contributed to the national economy, the UAE Space Agency has launched a survey focusing on the number of companies working in the industry, foreign investment, and the total spending on space projects.

The survey was developed as part of a strategic partnership between the Federal Competitiveness and Statistics Centre (FCSC) and the UAE Space Agency, according to Sarah bint Yousif Al Amiri, Minister of State for Public Education and Advanced Technology and Chairwoman of the UAE Space Agency (UAESA). 

To assure the success of the Space Economic Survey 2022, a national project leveraging information and data to promote the UAE’s space economy, Al Amiri emphasized the significance of combining government and private sector efforts. The UAE’s academic and research institutions working in space technology and communications contributed to the survey with other national organizations active in the field, such as government agencies and the corporate sector.

Over 3000 engineers, technicians, and specialists work at 80 entities and companies in the UAE space industry.

“The Space Economic Survey 2022 seeks to measure the space sector’s performance in the UAE, form a clear picture about the framework of this strategic segment that has exceptional cadres, and actively contribute to consolidating the country’s position as a global hub for attracting talents, investment, and innovation,” said Salem Al Qubaisi, director-general of the UAE Space Agency.

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