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‘UAE launching 4 products of advanced digital currencies in 2023’

Faisal Al Bannai speaking at the Abu Dhabi Space Debate.
  • The Advanced Technology Research Council, Faisal Al Bannai said, has 6 main research areas, including health, food, transportation and space sector
  • The council is one of three centres established to support and develop space capabilities and talents in cooperation with space agencies and strategic partners

Abu Dhabi, UAE – Faisal Al Bannai, Secretary General of the Advanced Technology Research Council (ATRC) in the UAE said on Monday that the UAE leadership is closely following technological development in all sectors. 

 “The initiatives and programmes related to technological and technical development, enhances the capacity building and acceleration and consolidates the international partnerships to serve the local and global communities,” Al Bannai said while speaking at the Abu Dhabi Space Debate. 

 “The UAE is currently living in an advanced era in the field of advanced technology, thanks to its advanced infrastructure, great interest in research and development and international partnerships to reach the country goals required to promote technological development in all fields, especially the space sector,” he added.

He revealed that the Council, has granted licenses to two products, pointing out that during 2023, 4 products of advanced digital currencies will be launched, in addition to providing innovative solutions in space.

The council, Al Bannai noted,  has 6 main research areas in the council, including health, food, transportation and space sector adding the Council has established several research centres specialised in energy and communication, along with other systems.

“During the past period, the Council supported 700 researchers from various countries around the world and 140 researchers from the UAE, in developing their skills in the field of space technology,” Al Bannai said.

He stressed that the Council is one of three centres established to support and develop space capabilities and talents in cooperation with space agencies and strategic partners, pointing out that the current focus is on space navigation, space sensor systems and all technologies needed by the space sector in future space missions.