Kazakhstan, UAE and Russia signed joint letter on modernization of "Gagarin launch"

Kazakhstan, UAE and Russia signed joint letter on modernization of "Gagarin launch"

The Ministry of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan, the UAE Space Agency and the Roscosmos State Corporation have signed a joint letter on implementation of the first commercial space project "Gagarin Launch" at the Baikonur cosmodrome.

The agreement was signed as part of the Dubai Airshow 2021 International Aerospace Exhibition.

The Gagarin Launch project is aimed at attracting foreign investments to the Baikonur cosmodrome and provides for the modernization of the historically significant site No. 1 - Gagarin Launch, from which the first flight of Yuri Gagarin into space was carried out.

The project involves the creation of a tripartite joint venture RK-RF-UAE with a parity of three parties of 33.3% each, which will subsequently manage the modernization process and launch site No. 1 for servicing the launches of Soyuz-2 carrier rockets.

The key goal of the Gagarin Launch project is to preserve the important launch site No. 1 of the Baikonur cosmodrome and ensure its uninterrupted operation, while each of the parties will have access to launch services.