United Arab Emirates is all set to establish its own space law.
This space law is intended to pave the way and an environment
for the private sector and the space economy. This law is yet to
come into approvals and it is aimed to attract investments and
operations in the economy. The domestic and international investors
are well protected under this new space law which will give them
security and the correct environment to encourage investments.
Space tourism is trending currently and this law is an
initiative towards the same. The authorities will soon draft a
document pertaining to the space law. The UAE space agency recently
gave its statement that the law will see the light of day soon and
it will provide effective coverage and protection to the relevant
space activities.
