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The Middle East's growing space industry

1 March 2014 Last updated at 10:52 GMT

On a recent visit to the United Arab Emirates, Virgin boss Sir Richard Branson reaffirmed plans to build a space port in Abu Dhabi within two years.

It is just the latest development in a fledgling local space industry that sees big profits in extraterrestrial exploration.

Howard Johnson reports.

Watch: Middle East Business Report