Abu Dhabi, UAE October 15, 2025: Space42 (ADX: SPACE42), the UAE-based AI-powered SpaceTech company with global reach, and Autonomous A2Z, South Korea's leading autonomous driving company, have signed a Memorandum of Understanding to establish an Abu Dhabi-based joint venture, to deploy and commercialize Level-4 autonomous-driving solutions in the Middle East and Africa.
Announced at GITEX Global 2025, the collaboration marks a significant milestone toward localizing advanced autonomous capabilities and fostering a sustainable smart-mobility ecosystem within the nation.
Hasan Al Hosani, CEO of Smart Solutions at Space42, said, The UAE is rapidly advancing towards a new era of intelligent transport. Cross market collaboration facilitates knowledge-sharing, integral to realizing the nation's ambitions in autonomous mobility, in line with Space42's strategic pillar of leading in geospatial intelligence services. By joining forces with A2Z, we are paving the way for local innovation, technological advancement, and sovereign capability in one of the most transformative sectors of our time.
Jihyeong Han, CEO of Autonomous A2Z, said, Having demonstrated our Level-4 autonomous technology as the official operator for APEC 2025, we are now extending this proven expertise to the Middle East. Through our collaboration with Space42, we aim to support the UAE's national vision for smart and autonomous mobility, advancing local innovation and strengthening the region's leadership in sustainable transportation.
Pioneering the UAE's Smart and Autonomous Mobility Future
The joint venture will anchor a national ecosystem for autonomous mobility innovation, development, and commercialization, in support of the Smart Autonomous Systems Council's mission. Through intelligent fleet integration and building skilled expertise, the implications for businesses and cities include improved efficiency, safety, and sustainability.
Its practical capability, ready for global development, contributes to the UAE's vision of a resilient, innovation-driven economy. Together, these efforts will advance the nation from pilot programs to operational, sustainable and scalable autonomous mobility technology.
Space42's Contributions to the UAE's Autonomous Sector
The venture builds on a previous partnership between Space42 and A2Z, and contributes to Space42's wider investment in the UAE's smart-mobility landscape. Space42 recently launched the Sovereign Mobility Cloud, providing AI-enabled infrastructure for mapping, fleet operations, and traffic management, and partnered with Dynamic Map Platform and General Motors to enhance autonomous-driving systems.
Since 2021, Space42's TXAI robotaxi service has logged nearly 600,000 km of autonomous driving and 20,000 passenger trips without incident. The fleet now spans Saadiyat, Yas, Al Maryah, and Al Reem Islands, as well as Abu Dhabi Airport.
About Space42
Space42 (ADX: SPACE42) is a UAE-based AI-powered SpaceTech company that integrates satellite communications, geospatial analytics and artificial intelligence capabilities to enlighten the Earth from space. Formed in 2024 by the successful merger of Bayanat and Yahsat, Space42's global reach allows it to address the rapidly evolving needs of its customers in governments, enterprises, and communities. Space42 comprises two business units: Space Services and Smart Solutions. Space Services focuses on upstream satellite operations for both fixed and mobility satellite services. Smart Solutions integrates geospatial data acquisition and processing with AI to inform decision-making, enhance situational awareness, and improve operational efficiency. Major shareholders include G42, Mubadala, and IHC.
For more information, visit: www.space42.ai; follow us on X: @space42ai
Legal Notice and Cautionary Statement Regarding Forward-Looking Information
This announcement may contain forward-looking statements based on current expectations and assumptions about future events. These statements identified by terms such as expect, will, or similar are subject to risks and uncertainties and may prove inaccurate. They reflect information available as of the date hereof, and the companies disclaim any obligation to update them. No assurance is given that any forward-looking statement will occur, and undue reliance should not be placed on them. This announcement does not constitute a financial promotion or an offer to buy or sell securities in any jurisdiction.
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Abu Dhabi, UAE October 15, 2025: Space42 (ADX: SPACE42), the UAE-based AI-powered SpaceTech company with global reach, and Autonomous A2Z, South Korea's leading autonomous driving company, have signed a Memorandum of Understanding to establish an Abu Dhabi-based joint venture, to deploy and commercialize Level-4 autonomous-driving solutions in the Middle East and Africa.
