UAE’s aircraft, spaceship trade totals AED28.2 billionChristian Fernsby ▼ | June 24, 2020
The value of the UAE’s trade in aircraft and spaceships amounted to AED28.2 billion in 2019, reflecting its leading position in these sectors in the Gulf Cooperation Council, GCC, and the Middle East, according to the Federal Competitiveness and Statistics Authority.
Competitiveness UAE aircraft sector
The space sector has become a strategic sector in the UAE, especially in terms of planetary exploration and the development of telecommunication technologies and satellites.
The UAE is set to launch the first Arab probe to Mars in mid-July 2020, and currently has the largest active space sector in the GCC and the Middle East.
Emirati investment in this sector exceeded AED22 billion, which includes investment in satellites by Yahsat, Thuraya and DubaiSat.
The Authority’s figures show that imports in this type of trade accounted for some AED17 billion in 2019.
The re-exportation of aircraft and spaceships amounted to AED10.78 billion while exports amounted to AED455 million. ■