Mongolia becomes the latest country to enter the global space industry with the launch of its first satellites, ushering in new era of innovation and investment for the nation’s burgeoning tech sector.
Two low-earth-orbit nano satellites were successfully launched into space aboard Space-X’s Falcon-9 rocket from Vandenberg Space Force Base launch site, California.
The Government of Mongolia has also announced it will establish a ‘space sandbox’ to support the continued growth of the domestic space sector, providing regulatory and policy support for companies to conduct testing and R&D in Mongolia while making use of the country’s newly enhanced connectivity and competitive talent pool.
The dual satellite network and space sandbox is intended to position Mongolia as a high-value investment and research destination for global companies across the space and technology sectors.
Mongolia Minister of Digital Development and Communications, Uchral Nyam-Osor, said: “Introducing a regulatory sandbox within a comprehensive legislative framework aimed at facilitating the business landscape for cutting-edge technologies will ensure that the government actively fosters ongoing growth and innovation across key domains such as the space economy, Artificial Intelligence, IoT and other emerging technologies.
“Leveraging its amicable relations with key stakeholders in the space economy, Mongolia also aims to cultivate its talent pool to strengthen its position in the global landscape.”
Enabling Digital Transformation across Mongolia is one of the central pillars of the Government’s Vision 2050 and New Recovery Policy.
Click below to share this article