Page 662 - MOET ENGLISH PR REPORT - OCTOBER 2025 (Part 2)

10/9/25, 3:55 PM Company News in Egypt: H.E. Bin Touq affirms the UAE’s leadership in space sector as a key driver of future economic growth and…

H.E. Bin Touq affirms the UAE’s leadership in space sector as a key driver

of future economic growth and innovation

MoU signed between two Emirati and French companies to
strengthen cooperation in developing space data centers and
support innovation and joint space initiatives

Abu Dhabi, 03 October 2025:

H.E. Abdulla bin Touq Al Marri, Minister of Economy and Tourism, participated in
an event hosted by the UAE Embassy in France to witness the signing of a
Memorandum of Understanding between UAE-based Madari Space and France’s
Avalanche. The agreement seeks to enhance cooperation in developing space data
centers and to promote the adoption of advanced technologies, fostering innovation
and accelerating joint projects in the space sector.

The event was attended by H.E. Fahad Saeed Al Raqbani, UAE Ambassador to
France; Dr. Shareef Al Romaithi, CEO of Madari Space; in addition to government
officials, private sector representatives working in space industries, and academic
institutions from both the UAE and France.

H.E. Bin Touq emphasized that, thanks to the vision and support of its wise
leadership, the UAE continues to reinforce its global standing as a key contributor to
the growth of the space economy and the advancement of innovation and research in
space-related economic and investment activities. He noted that the partnership
between the UAE and France in the sector is strong and strategic, marked by long-
standing and ongoing collaboration between relevant entities and institutions in both
countries. The two sides are working to expand their shared ambitions in space
technology, enhance capabilities to address climate change challenges, monitor Earth
systems, and develop sovereign space capabilities.

H.E. added: “The space sector is a major driver of development within the UAE’s
vision for the future economy. The country plans to develop and launch the Space
Economic Cluster under the National Policy for Economic Clusters, which will
enhance global competitiveness, attract remarkable investments, and support

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