Luxembourg (Europe)

Luxembourg generates almost 2% of its GDP from the space industry, economy minister Etienne Schneider said at a conference in the US on Saturday.

During his speech at the New Worlds Conference in Texas, Schneider said space mining is a focus for Luxembourg, CNBC reported.

He said the Grand Duchy is applying the same strategy to attracting space companies as it did to boost its financial sector – by using the same "liberal, extremely business friendly climate".

Speaking to CNBC after the event, Schneider described Luxembourg's space resources initiative as a "series of measures to position Luxembourg as the European heart of exploration and use of space resources" and said the industry has "strong public support".

The deputy prime minister said space mining is Luxembourg's present focus and while he does not foresee the industry exceeding 2% of the GDP in the very near future, he said it "could be 5%, but that may be 10 or 15 years".

Learn more / En savoir plus / Mehr erfahren:

https://www.scoop.it/t/luxembourg-europe/?&tag=Space

New figures show the GDP per person is 150 % higher than in rest of Eurozone...