The Global Space Technology Forum in November in Abu Dhabi will witness international space experts discussing how individuals and private companies throughout the Middle East can benefit from the space industry with a global revenue of more than $250 billion.

The forum will be held at the Abu Dhabi National Exhibition Centre from November 16 to 18.

According to the Space Report 2008, global space revenue from government and private activities reached more than $251 billion in 2007, representing an increase of 11 per cent from 2006.

Produced by the US-based Space Foundation, the report states that total revenue for space products and services is estimated at $138.83 billion for 2007, an increase of approximately 20 per cent over 2006.

Robust space industry growth was achieved through two commercial satellite services, Direct to Home (DTH) television and Global Positioning System (GPS) equipment and chipsets, with DTH services growing by nearly 19 per cent and sales of GPS equipment by 20 per cent in 2007, together contributing close to $20 billion to the global economy.

The global space industry is experiencing phenomenal growth as advancements in space technology continue to create new commercial markets and exciting opportunities within the space industry, and for investors and entrepreneurs in non-space related fields.

Organised by Streamline Marketing Group and sponsored by Arianespace, a commercial launch services leader, the forum includes a three-day conference featuring industry leaders who will address a wide range of topics including forecasts for the global space industry, research and development, and the role of space technology in national defence and security.

An extensive overview of emerging commercial markets and the vision for the space sector in the UAE and throughout the Middle East region will be outlined on the third day by renowned space industry experts such as A C Charania, President of SpaceWorks Commercial, a division of SpaceWorks Engineering, Inc (SEI) in the USA.

'Many opportunities are available to those willing to accept a vision of the world more interconnected through space, bringing improvements to life through new information services. These include investments in satellite development and ownership, acquisition of niche space product developers, space software application development, and the creation of commercial spaceports,' said Charania.

Key commercial markets, Charani said, include remote sensing and imagery, telecommunications, GPS and broadcast services, all of which will have far reaching benefits for consumers throughout the world.

'Broadcast and GPS should continue to have the highest growth rates, with the end-user across multiple countries benefiting in terms of speed, quality and price,' said Charania.

Nick Webb, director of Streamline Marketing Group, said: 'The global space industry is experiencing huge growth and this is expected to continue throughout the next decade and beyond. The Global Space Technology Forum in November will allow anyone with an interest in existing and future commercial markets to meet with internationally renowned space experts to hear first-hand about the latest innovations and investment opportunities.' - TradeArabia News Service