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UAE president announces $817m fund to support space sector
Updated 17:10, 17-Jul-2022
CGTN
UAE President Sheikh Mohamed bin Zayed Al Nahyan attends an online meeting, Abu Dhabi, UAE, July 14, 2022. /CFP

UAE President Sheikh Mohamed bin Zayed Al Nahyan attends an online meeting, Abu Dhabi, UAE, July 14, 2022. /CFP

President of the United Arab Emirates (UAE) Sheikh Mohamed bin Zayed Al Nahyan announced Sunday on his personal Twitter account the creation of a national fund to support the space sector with a capital of 3 billion UAE dirham (about $817 million) and the launch of "Serb," a national program to develop modern radar satellites.

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