Sherif Sedky, CEO of Egypt’s Space Agency (EgSA), met with Prime Minister Mostafa Madbouly on Sunday August 18 to review developments and future goals of the agency. Following the successful launch of the NEx-SAT 1 micro-satellite, which has collected over 1,400 images, the EgSA hopes to sell satellite imagery online and to other companies. The EgSA will achieve this by starting a marketing firm as well as collaborating with local and international corporations to market satellite images. Alongside these efforts, the EgSA hopes to increase sales of its educational satellite models from EGP 5.8 million to EGP 15 million (approximately USD 120,000 to USD 300,000), and continue producing satellites and training programs. Established in January 2018, the EgSA is a major component in Egypt’s National Sustainable Development Strategy 2030 objectives. The previous Minister of Higher Education and Scientific Research, Khaled Abdel-Ghaffar, claimed its projects could comprise up to 10 percent of Egypt’s national income. As a public company, it is funded by the state, its own profits and loans. The EgSA resides in “Space City”, a 5,000 square metre development between the 5th Settlement and the New Administrative Capital…
