UAE Space Agency to launch first Space Economic Zone at Masdar City

January 25, 2022

The UAE Space Agency and Masdar will establish the nation’s first Space Economic Zone in Masdar City to create an integrated business ecosystem to propel startups and SMEs. It is the first of many hubs the UAE Space Agency will launch to create a competitive private sector, build national capabilities and contribute to the UAE’s economic growth for the next 50 years.

The Space Economic Zone in Masdar City will offer world-class infrastructure and an enabling environment to encourage the development of the national space industry. Businesses will be offered an integrated package of benefits including incubation, office space, mentorship, networking, investment opportunities, priority access to government contracts and closer cooperation with leading global research centres.

The Space Economy Zone program aims to create a sustainable and effective framework to facilitate public-private partnerships; build an attractive and integrated business environment for local and global companies; support the growth of national space technologies and services; stimulate innovation and adopt advanced technologies; and support the establishment of homegrown startups and accelerate their growth.

The strategic agreement between the UAE Space Agency and Masdar was signed at Abu Dhabi Sustainability Week 2022 by His Excellency Salem Butti Salem Al Qubaisi, Director General of the UAE Space Agency and Mohamed Al Ramahi, CEO of Masdar. Under the deal, the Masdar City Free Zone will tailor-made business licenses for space-related companies across the launch sector, satellite communication, logistics, data analysis, science, technology, engineering, and much more.

The UAE Space Agency’s Space Economic Zones program has four key pillars: the Space Economy Accelerator Group, Space Labs, Space Government Services, and Work Space.

The Space Economy Accelerator Group

A body to promote coordination between various public and private sector entities and startups to ensure alignment on, and facilitation of, strategic initiatives. It will also produce solutions to address challenges facing spacetech startups and encourage participation at national and global events.

Space Labs

Offering Space Economic Zone startups access to world-class space laboratories, research centres and facilities to utilize existing infrastructure and provide access to technical, consultancy mentorship and support services.

Space Government Services

A dedicated webpage on the UAE Space Agency’s website to provide services including licensing, mentorship, and incubation opportunities. It can be accessed here.

Work Space

Offering services at competitive rates across the UAE’s leading business and innovation free zones. They will benefit from world-class infrastructure and office space to ensure companies hit the ground running.

The Space Economic Zones program is part of the UAE Space Agency’s new strategy which has six key pillars: increase the competitiveness of the private sector; empower the space services sector and its applications, expand scientific and technical capabilities and attract and retain the best talent; raise the efficiency of technical infrastructure; create a robust and agile regulatory environment; and strengthen international partnerships to facilitate the transfer of knowledge for the benefit of humankind.

by Anil George
Avid follower of all things tech. In between his quest for the ultimate gizmo, Anil fiddles with light meters, collects rare books and feeds his fetish for Jap horror movies. As Managing Editor of T3 Middle East for the GCC, Anil oversees content direction across print and digital. He was a CES 2020 Innovation Awards Judge, reprising his role as an Innovation Awards Judge at CES 2018, CES 2017, 2016 and 2015. Anil is also the Middle East's first Brand Ambassador for Ashdown Engineering. Reach him at: editor@t3me.com.