H.S.H. Prince Albert II approves a new Government office to focus on the booming space industry.
MONACO (Monaco Government PR) – His Serene Highness Prince Albert II has approved the creation of an Office of Space Affairs in Monaco. The creation of this new entity is a result of calls from numerous companies within the Monegasque aerospace business community, whose activities include the manufacture of Earth observation nano-satellites, communication satellites, and planetary rovers.
By setting up a ‘one-stop-shop’ for aerospace-related matters, and reporting to the Digital Platforms and Resources Department (under the authority of the Minister of State), the Principality is taking its first steps towards supporting the growth and development of these companies by streamlining administrative procedures, and will also act as the welcome office for any prospective aerospace-related businesses looking to set up in Monaco.
At the international level, the Office of Space Affairs will represent the Princely Government in the relevant international organizations, in co-operation with the Department of External Relations and Cooperation. The Office of Space Affairs will interact with its counterparts in other countries for knowledge sharing, to foster economic cooperation, and to benefit Monegasque companies in aerospace and related fields.
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