U.S. Company Plans $265M Spaceport in UAE – Yahoo! News

U.S. Company Plans $265M Spaceport in UAE – Yahoo! News
LOS ANGELES – A day after Space Adventures announced it was in a venture to develop rocket ships for suborbital flights, the company said Friday it plans to build a $265 million spaceport in the United Arab Emirates.

The commercial spaceport would be based in Ras Al-Khaimah near the southern end of the Persian Gulf, and the UAE government has made an initial investment of $30 million, the Arlington, Va.-based company said in a statement.

The spaceport announcement comes on the heels of Space Adventures’ new partnership with an investment firm founded by major sponsors of the Ansari X Prize to develop rocket ships for suborbital flights.
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United Arab Emirates seems like an odd choice in location, what with the whole unrest in the middle east thing. Cheap land? Or something more sinister. An evil plot perhaps?

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