Masdar City, in partnership with the UAE Space Agency, has announced the introduction of new business incubation and acceleration package for space-related startups and small and medium enterprises (SMEs), joining the Space Economic Zone Program in Masdar City.

The Space Economic Zone Program was launched earlier this year in collaboration with the UAE Space Agency. The program is considered to be the “first space-tech hub in the UAE.”

Businesses will be offered an integrated package of benefits, including incubation, mentorship, networking, investment opportunities, and cooperation with leading global research centers as members of the Space Economic Zones program. Startups and SMEs can also acquire visa services for their employees, including employment visas, residency stamping, medical fitness, and Emirates ID.

“Masdar City has developed a unique ecosystem that enables business and innovation to thrive together. Our partnership with the UAE Space Agency to host the UAE’s first dedicated Space Economic Zone is designed both to attract the most talented professionals from around the world, while also driving entrepreneurship and economic development within the fast-growing space sector. This new business package adds an additional benefit for space-related companies, and we look forward to hosting them in a business environment that fosters success,” Ahmed Baghoum, Executive Director, Masdar City said.