As His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and ruler of Dubai, specified, a specially created UAE Space Agency will oversee all space research projects. This organization, which is being created under the Emirate government, will contribute to the development of the space industry as a sector based on scientific knowledge and designed to diversify the national economy, and subsequently help to enhance the country's role as a global player in the aerospace market. The agency will report on its activities to the cabinet. The UAE has already spent about US $ 20 billion on the development of the space industry. This, in particular, is about satellites for television broadcasting and communications. Leaders of the state are confident that the initiative will contribute to the intellectual development of the young generation.