Monaco Establishes New Space Affairs Office
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Monaco Establishes New Space Affairs Office

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Monaco's Prince Albert II has approved the creation of an Office of Space Affairs (Le Bureau des Affaires Spatiales). 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 the aerospace and related fields.

The space sector, and in particular private enterprise within aerospace-related industries, is booming and, among other benefits, it can allow for better Earth observation, improved understanding of weather and climate patterns, and also help to bridge the digital gap by providing (high-speed) broadband access to previously isolated regions.

“The development of the space sector in the Principality of Monaco reinforces the attractiveness of our Sovereign State in a new area,” said Frédéric Genta, Interministerial Delegate in Charge of Digital Transition. “With the creation of this entity, we will be called upon to participate in discussions on the subject alongside global and emerging space powers.”

The Office of Space Affairs, which was officially established on August 2, 2021, by Sovereign Ordinance No. 8.809, will convene a meeting in October with various stakeholders within the aerospace business community to define an action plan aligned with their needs.

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