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UAE Freezones Biz News Updates
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UAE to play a role in space exploration: former American astronaut Buzz
Aldrin
Dr.
Buzz Aldrin, Astronaut, Apollo 11, is seen giving his keynote address during
the Global Aerospace Summit at St. Regis Hotel in Saadiyat Island, Abu Dhabi.
Industry moves from government policy-driven to commercial
development-driven
The UAE will play a role in the next stage of space exploration as the
industry moves from being government policy-driven to commercial
development-driven, according to former American astronaut, Buzz Aldrin.
Aldrin, who was speaking at the Global Aerospace Summit in Abu Dhabi on
Tuesday, was one of the first men to land on the moon, along with Neil
Armstrong on the Apollo 11 mission in 1969.
Aldrin said that the Cold War had acted as a driver for space exploration
between the end of World War II and 1990. Looking ahead, he said that the
private sector will now take on that role.
He said the UAE is showing a growing commitment to the space industry and
that the country will be involved in future projects and industry
developments.?
Taking the lead
Aldrin reiterated throughout his address that it is time for the commercial
sector to take the lead on space exploration, with the goal of reaching
mars. He said that NASA might not be the right agency to exploit space
exploration. However, other US agencies and the commercial entities could
be.
Globally, companies such as Richard Branson’s Virgin Galactic and
American-based SpaceX are investing in commercial space exploration.
Virgin Galactic is due to launch its first commercial spaceflight from
Spaceport America in New Mexico later this year.
The US-based company has reportedly raised $80 million from passengers
paying around $250,000 for a ticket.
SpaceX has previously sent rockets into space and has signed contracts with
NASA.
Not just for the elite
Praising the work of companies such as Virgin Galactic, Aldrin said that
space exploration needs to be not just something for the wealthy elite.
Abu Dhabi-based Aabar Investments is a minority stakeholder in Virgin
Galactic and there are plans to build a spaceport in the emirate. Abu Dhabi
government-backed Mubadala Development Company is investing in the aerospace
industry through its dedicated division.
On Monday, Virgin Galactic chief executive, George T. Whitesides, said that
there have been discussions for Mubadala to supply parts to the commercial
spacecraft fleet.
Aldrin highlighted the importance of collaboration in the next stage of
space exploration and said that companies and countries will need to be more
open to sharing ideas and working together.
Earlier, Masood Sharif M. Mahmood, Yahsat chief executive, said that the UAE
has nine indigenous satellites including future programmes and three
homegrown satellite companies. He said Yahsat connects a billion people
across the Middle East, North Africa and South West Asia.
April 8, 2014
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Courtesy Al Nisr Publishing LLC
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