Space Adventures announces Spaceport development project in UAE

February 18, 2006 Space Adventures today announced plans to develop a commercial spaceport in Ras Al-Khaimah (the UAE), with plans to expand globally. Other potential spaceport locations include Asia, specifically Singapore, and North America. The total estimated cost of the global spaceport development project is claimed to be at least US$265 million and will be funded by various parties, along with shared investments by Space Adventures and the government of Ras Al-Khaimah. The company, which organized orbital flights for all of the world's private space explorers, also announces that His Highness Sheikh Saud Bin Saqr Al Qasimi of Ras Al-Khaimah, along with the UAE Department of Civilian Aviation, have granted clearance to operate suborbital spaceflights in their air space.

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