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- Aims to harness local knowledge, manufacturing capabilities and technology leadership to propel national industrialization efforts.
- First ‘seed project’ to develop an advanced satellite modem and bespoke waveform for government and defense markets in the UAE and internationally.
Abu Dhabi, UAE: Tawazun Economic Council and the UAE’s flagship satellite services operator, Yahsat, have signed a Memorandum of Understanding (MoU) to establish a new company to develop critical in-country capabilities in relation to the development and manufacture of advanced satcom solutions within the UAE, with a focus on building intellectual property locally for increased national security and advanced technology development.
The MoU confirming the planned collaboration was signed during IDEX 2021 by Eisa Al Shamsi, Deputy General Manager of Yahsat Government Solutions, and Matar Al Romaithi, Chief Economic Development Officer for Tawazun, in the presence of H.E. Tareq Al Hosani, Chief Executive Officer of Tawazun, Musabbeh Al Kaabi, Chairman of Yahsat and Masood M. Sharif Mahmood, Chief Executive Officer and Board Member of Yahsat.
Under the MoU, the new company will develop technologies and produce products around three main streams: Aeronautical Satcom Technologies, Satellite Modem Technologies and Enablement of other Satcom Products and Technologies. It will leverage the significant knowledge and expertise establishment in the UAE and will be complemented by select international experts to build a global leader in this sector. The first seed project entails the development of a protected, multi-platform satellite modem for government and defense markets in the UAE and internationally.
Yahsat will play an integral role in ensuring that the new company’s products meet the requirements of its government customers with a differentiated and targeted product strategy, enabling the UAE Government and other local and international users to address key technology development. It will source key product development capabilities from leading solution providers and manufacturers to lay the foundation for local production lines and integrated value chain management.
“Yahsat and Tawazun are playing a key role in accelerating the advancement of the satellite communications sector in the UAE, this collaboration is further testament to our country’s position as a global pioneer across a number of high growth sectors. These partnerships are vital to the diversification of the UAE’s economy, and we are committed to supporting our UAE Investments’ portfolio companies as they contribute to our nation’s sustainable growth,” said Musabbeh Al Kaabi, Chairman of Yahsat.
CEO Tawazun, H.E Tareq Abdulraheem Al Hosani said: “At Tawazun, we seek to reaffirm Abu Dhabi’s position as a leading regional hub of strategic technologies and manufacturing. We are excited about the long-term prospects of our collaboration with Yahsat. In less than a decade since it launched its first satellite, Yahsat has grown to be one of the world’s leading satellite enterprises, with an enviable track record of accomplishments that are a source of pride to all Emiratis. Our collaboration stands to gain tremendously from Yahsat’s expertise and connections, spurring innovation and technology development within the UAE.”
Ali Al Hashemi, Chief Executive Officer Designate of Yahsat added: “Yahsat has always served as a catalyst for the diversification of the UAE’s economy. We have invested heavily in nation-building through our longstanding partnership with the UAE Armed Forces and various other initiatives, driving growth and new opportunities. In keeping with the Abu Dhabi Economic Vision 2030, we now look forward to commencing homegrown production of advanced communication technologies so that the UAE can achieve its national objectives with greater autonomy. We are grateful to our country’s leadership and Tawazun for entrusting us with this opportunity to develop Emirati’s to serve the growing space sector.”
By developing bespoke solutions for critical national requirements, Tawazun and Yahsat expect to raise the bar for customer satisfaction, especially among key decision-makers in the UAE, GCC and beyond. Their mission is to capture value and establish the UAE as a producer of satellite-enabled defense communication technologies, entrenching its reputation as a sustainable and sovereign space economy.
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About Tawazun Economic Council
Founded in 1992, Tawazun Economic Council (Tawazun) has enabled the creation of more than 111 companies and investment vehicles within twelve sectors, and now serves as the catalyst for both economic growth and the development of the UAE defense and security industry.
Tawazun is the UAE defense and security acquisitions authority for the UAE Armed Forces and Abu Dhabi Police: driving economic value through the Tawazun Economic Program and the Tawazun Strategic Development Fund, facilitating ecosystem growth and human capability development through global and local partnerships, and empowering technology & innovation through the defense and security R&D ecosystem.
Tawazun - towards an agile future
For more information, please contact Corporate Communication Dept.
Via email: corpcomm@tawazun.ae
About Yahsat
Yahsat (Al Yah Satellite Communications Company) is a leading fixed and mobile satellite services operator offering integrated satellite communications solutions to over 150 countries across Europe, the Middle East, Africa, South America, Asia and Australasia.
Yahsat’s fleet of 5 satellites reaches more than 80% of the world’s population, enabling critical communications including broadband, broadcasting, backhauling and mobility solutions. Yahsat provides a wide range of C, Ku, Ka, and L-band solutions for land, maritime and aero platforms to consumers, governments and enterprises. Its businesses consist of Yahsat Government Solutions, YahClick (Powered by Hughes), YahLink, Yahlive and Thuraya.
In 2020, Yahsat commenced construction of T4-NGS, the next generation telecommunications system for Thuraya, which is due to be in service by 2024.
Yahsat is based in Abu Dhabi, UAE and is wholly owned by Mubadala Investment Company.
For more information, visit: www.yahsat.com ; Follow us on Twitter: @yahsatofficial
© Press Release 2021
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