CAIRO, Aug 3 (Aswat Masriya) – Egypt's cabinet announced on Wednesday its approval of a draft law establishing the "Egyptian space agency" with the stated aim of serving the state's strategies in development and national security.

In its statement, the cabinet clarified that the approval came in the context of the state's keenness on advancing space technology in order to acquire the ability to launch satellites from Egyptian territories.

The space agency would be responsible for devising a national space programme on the short, medium and long terms and following up on its implementation, according to the statement. It is also required to secure the necessary investment for the programme that would be within the state's general budget.

In the academic field, the space agency would contribute in developing rehabilitation and training programs in the field of space technology in schools and universities, according to the statement.

Egypt has been a member of the United Nation’s Committee on the Peaceful Uses of Outer Space (COPUOS) since its establishment in 1959 by the UN General Assembly. The committee has grown to include 77 members; both states as well as intergovernmental and non-governmental organisations that have observer status.

The committee was set up "to govern the exploration and use of space for the benefit of all humanity: for peace, security and development," according to its website.