Dubai: The UAE Economic Tawazun Council and Yahsat Satellite Company are establishing a new company to develop “critical capabilities within the country” for advanced satellite communications.
The entity will develop capabilities in three primary streams – aviation satellite technology, satellite modem and enabling other satellite products. The first project entails developing a multi-platform modem via satellite for the government and defense sectors in the UAE and internationally.
“These partnerships are vital to diversifying the UAE’s economy, and we are committed to supporting our investment portfolio companies in the UAE as they contribute to the sustainable growth of our nation,” said Musabeh Al Kaabi, Yahsat Chairman.
Yahsat will ensure that the company’s new devices meet the requirements of government customers through a differentiated and targeted product strategy.
Tariq Al Hosani, CEO of Tawazun said: “In less than a decade since the launch of its first satellite, Yahsat has grown to become one of the leading satellite companies in the world, with a strong track record of achievement.” Much of the Yahsat experience and relationships. “
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