I2U2 group of India, Israel, US, UAE announces joint space venture

India, Israel, the United States, and the United Arab Emirates have announced a joint space venture aimed at creating a space-based tool for policymakers, institutions, and entrepreneurs. The project will utilize space-based observation data and capabilities of the four countries to address environmental and climate change challenges. The initiative is part of the I2U2 group, which encourages joint investments in various sectors. The group also recently launched a website to strengthen public-private partnerships and tackle global challenges. The I2U2 aims to mobilize private sector capital and expertise for infrastructure modernization, low-carbon development, and public health improvements.

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