. | . |
UAE eyes new frontiers with law to regulate space tourism, mining By Dana Moukhallati Dubai (AFP) Nov 24, 2019 The United Arab Emirates, which sent its first astronaut into space this year and has plans to launch a probe to Mars, is looking at other new frontiers -- space tourism and mining. But first, says the chief of the Emirates Space Agency, there needs to be regulation. Within a few months the UAE will enact its first space law, he said, designed to attract investment and regulate the activities and services of companies operating in the country. "It was approved by the government and now is in its final stage of issuing," the space agency's director general Mohammed al-Ahbabi told AFP. The UAE, whose colossal skyscrapers and mega-projects put it on the world map, hopes otherworldly new industries could be the key to its economic future. The country already has the most diverse economy in the oil-reliant Gulf, but the once-booming property, tourism and trade sectors that have made it a regional powerhouse have sagged in recent years. So now it is looking beyond Earth itself, with typically grand ambitions for a country whose cities rise out of the desert. - Industries of the future - The new law, drafted by the agency, would address future space tourism or mining projects. "We think it's going to come to (fruition) within the next 10 years," Ahbabi said of the sector. "There is no project today because the technology is not yet there, but we're looking ahead of time and putting together those regulations." In March, the space agency signed a memorandum of understanding with Richard Branson's space tourism company Virgin Galactic for cooperation on various plans, including potential tourism flights. "We look forward to working with the UAE Space Agency and other partners in the UAE," Virgin Galactic CEO George Whitesides said at the time. The new law will also regulate UAE-developed satellites to make sure they adhere to international space treaties. "This is a legal document to regulate the space industry... for example registering your satellite and making sure you have the proper licensing," Abhabi said. Ahbabi said the UAE has 10 functioning satellites in orbit and plans to launch another eight in the next few years. The existing satellites, he said, were under the jurisdiction of other government entities, including the telecommunications authority and the finance ministry. "But now we're transferring all the data to the space agency," he said. - Next stop, red planet - The UAE launched its national space strategy earlier this year, setting out a framework for its activities in the sector over the next decade. In September it celebrated the milestone of sending the first Emirati into space. Hazza al-Mansouri was part of a three-member crew that blasted off on a Soyuz rocket from the Baikonur space centre in Kazakhstan. He returned home to a hero's welcome after an eight-day mission in which he became the first Arab to visit the International Space Station, where he took part in scientific experiments including a time-perception study. In 2020, the UAE aims to become the first Arab country to launch an unmanned probe, named Hope, which will travel to Mars before returning to Earth the following year. The UAE is also planning to build a "Science City" to replicate conditions on Mars, where it hopes to build a human settlement by 2117.
Virgin Galactic's high-risk space adventure will likely pay off Dublin, Ireland (SPX) Nov 06, 2019 Richard Branson rang the opening bell at the New York Stock Exchange on October 28 as Virgin Galactic became the first commercial spaceflight company to list on the stock market. It was valued at more than US$1 billion following its merger with publicly-listed holding firm Social Capital Hedosophia, then experienced a 20% drop in its share price after a week of trading. It is now worth around US$800m. The route to success in the space tourism industry is bound to be a wild ride and Branson is hopi ... read more
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |