Arlington, Va. – February 17, 2006 -- Space Adventures
, Ltd., the world’s leading space experiences company, announced today its plans to develop a commercial spaceport in Ras Al-Khaimah (the UAE), with plans to expand globally. Other potential spaceport locations include Asia, specifically Singapore, and North America. The total estimated cost of the glob! al spaceport development project is at least $265 million (USD) and will be funded by various parties, along with shared investments by Space Adventures
and the government of Ras Al-Khaimah. The company, which organized orbital flights for all of the world's private space explorers, also announces that His Highness Sheikh Saud Bin Saqr Al Qasimi of Ras Al-Khaimah, along with the UAE Department of Civilian Aviation, have granted clearance to operate suborbital spaceflights in their air space.