New program provides further momentum to UAE space economy sector
The program aims to develop a constellation of five LEO SAR satellites with the first satellite scheduled for launch in Q1 2024
Abu Dhabi, UAE, [May 17th, 2023] Bayanat, an ADX listed public company and leading provider of AI-powered geospatial solutions, and Al Yah Satellite Communications Company PJSC (Yahsat), the UAE's flagship satellite solutions provider (ADX: YAHSAT), announced today a comprehensive Space Program aimed at building national satellite remote sensing and Earth Observation (EO) capabilities within the UAE to commercially address business opportunities in the local and global EO market.
The program forms part of the two companies' partnership with ICEYE, a renowned SAR satellite manufacturer based in Finland. The expansion of Bayanat's capabilities into the space sector positions the company to drive its growth strategy and become a prominent player in the industry.
SAR is an active sensing system that illuminates the Earth's surface and measures the reflected signal to generate high-resolution images. Unlike traditional optical imaging satellites, SAR can capture images day and night, regardless of weather conditions or solar illumination. Compared to other New Space SAR satellite services, ICEYE's radar antenna covers much larger geographical areas or, at the other end of the scale, provides higher resolution images of smaller areas.
Bayanat's program aims to develop a constellation of at least five SAR low Earth orbit (LEO) satellites to provide a consistent data stream for end-to-end solutions for SAR applications. It will cover the entire value chain by leveraging the available synergies in Yahsat's upstream and midstream capabilities, including its leading satellite infrastructure as well as the wide spectrum of its rapidly growing satellite-enabled innovative solutions, and Bayanat's downstream capabilities such as advanced AI and data analytics and will significantly enhance Bayanat's commercial offerings by providing valuable geospatial insights to various industries in a timely and accurate manner.
The program is a steppingstone towards realizing a broader space-ecosystem in the UAE, including the development of in-country satellite manufacturing capabilities. It will deliver a range of strategic benefits for the nation, including access to sovereign SAR data acquisition, enhancing data privacy, and further building the nation's resident capabilities for space exploration. In addition, the program will fuel collaboration between vital strategic players in the UAE's space ecosystem, strengthen UAE's position in space technology and open new possibilities for Bayanat, Yahsat and the country's future space exploration endeavors.
Hasan AlHosani, CEO of Bayanat, said, The launch of the first LEO satellite scheduled for Q1 2024 will significantly enhance Bayanat's existing offerings to provide more comprehensive and high-quality services to clients both locally and internationally. The partnership between Bayanat and Iceye, in collaboration with Yahsat, will drive the development of a sovereign EO ecosystem which will enable us to provide cutting-edge solutions, whilst contributing to skill development, scientific advancements, and sustained economic growth. We are excited to be at the forefront of this dynamic and rapidly evolving field and looking forward to developing a commercial space program in the UAE.
Ali Al Hashemi, Group CEO of Yahsat, said: As part of Yahsat's active role in empowering the space economy sector in line with the UAE's Space Strategy 2030, we are pleased to collaborate with Bayanat on this ambitious program. Yahsat is committed to join forces with various commercial and government-related entities to strengthen the UAE's leadership in the space sector in MENA region, supported by Yahsat's world-class infrastructure and suite of innovative solutions. We are also advancing new segments such as earth observation, in-country manufacturing and building the national capacities in the space sector.
Rafal Modrzewski, CEO and Co-Founder of ICEYE, said: ICEYE is the leading New Space company in the world today with the proven ability to design, build and supply new-era SAR Earth observation satellites for customers. We're honored to contribute to Bayanat's space programme in meeting the sophisticated imagery requirements from their most demanding customers in the UAE. Until the launch next year, we will be providing access to our satellites already in orbit, so Bayanat can start utilizing radar satellite imagery for the benefit of the public and private sector customers in the UAE.
Middle East Stories
05/09/2024
In a milestone for Bronte Station Business Park, Element Materials Technology, a global leader in materials and product qualification testing, inspection, and ...
30/07/2024
Resilient first half performance with stable Normalised EBITDA and net income
Revenue, profitability and cash flow guidance reiterated for the full year
Abu D...
18/07/2024
Yahsat accelerates efforts to expand in Zimbabwe following agreement with Satcom...
10/06/2024
- Fully flexible, software-defined payloads will allow in-orbit reconfiguration of coverage area, capacity and communication frequencies
- Full programme cost...
29/05/2024
Marrakech, Morrocco, 29 May, 2024 : Marrakech, Morrocco, 29 May 2024: Al Yah Sa...
24/05/2024
The certification underscores world-class standards of services at Yahsat's Abu Dhabi Teleport
Abu Dhabi, United Arab Emirates, 21 May 2024: Al Yah Satelli...
22/05/2024
EUTELSAT KONNECT satellite will enhance Yahsat's satellite network with mult...
15/05/2024
Abu Dhabi, 15 May, 2024 : IP NEO is a Thuraya 4-ready lightweight portable sate...
15/05/2024
Abu Dhabi, 15 May, 2024 : IP NEO is a Thuraya 4-ready lightweight portable sate...
14/05/2024
Highest ever Q1 revenue with Normalised EBITDA growth of 7%
Profitability, cash flow and capital expenditure guidance reiterated
Abu Dhabi, United Arab Emirat...
10/05/2024
Abu Dhabi, 10 May 2024: Further to our previous communications about the unexpec...
10/05/2024
Abu Dhabi, 10 May, 2024 : Abu Dhabi, 10 May 2024: Further to our previous commu...
09/05/2024
The visit discussed potential for Yahsat to expand its presence in South Africa ...
25/04/2024
Bayanat AI PLC (ADX: BAYANAT), a leading AI-powered geospatial solutions provider, and Al Yah Satellite Communications Company P.J.S.C. (ADX: YAHSAT), the UAE&#...
23/04/2024
The merger will provide vertical integration potential and enhanced product offerings to capture regional and international opportunities for revenue growth and...
23/04/2024
Abu Dhabi, 23 April, 2024 : Partnership delivers greater cybersecurity to Thura...
02/04/2024
Abu Dhabi, 02 April, 2024 : Abu Dhabi, United Arab Emirates, 2 April 2024: Thur...
01/04/2024
Mr. Somani will oversee the development and implementation of the company's growth strategy and spearhead global strategic partnerships
Abu Dhabi, United A...
21/03/2024
- A circular was issued today setting both entities' General Assembly Meetin...
18/03/2024
Abu Dhabi, 18 March, 2024 : Abu Dhabi, 18 March 2024: Thuraya Telecommunication...
18/03/2024
Abu Dhabi, 18 March, 2024 : Abu Dhabi, 18 March 2024: Thuraya Telecommunication...
22/02/2024
Abu Dhabi , 22 February, 2024 : The first universal Direct-to-Device (D2D) Android smartphone with satellite voice and SMS capability
Abu Dhabi, 22 February 2...
22/02/2024
Abu Dhabi , 22 February, 2024 : The first universal Direct-to-Device (D2D) Andr...
21/02/2024
The industry disruptive strategy is primed to transform the lives of billions of...
20/12/2023
Abu Dhabi, 20 December 2023: Further to the announcements made by Bayanat AI PLC...
19/12/2023
The combination will bring together complementary capabilities to create a UAE-b...
27/11/2023
Yahsat's next-generation climate tech solutions to support efforts to mitiga...
21/11/2023
Asmira video compression technology delivers advanced capabilities to end users ...
21/11/2023
Abu Dhabi, 21 November, 2023 : Abu Dhabi, UAE, 20 November 2023: Thuraya Teleco...
21/11/2023
Abu Dhabi, 21 November, 2023 : Abu Dhabi, UAE, 20 November 2023: Thuraya Teleco...
16/11/2023
Yahsat's reliable and secure connectivity solutions to be installed on EDGE&...
15/11/2023
Dubai, 15 November, 2023: Bayanat (a leading provider of AI-powered geospatial s...
07/11/2023
Third quarter revenues grew 8% versus prior year, second highest on record
Nine-month revenues and Normalised EBITDA increased 3% underpinned by double digit g...
30/10/2023
The United Nations Global Compact (UNGC) is the world's largest corporate su...
26/10/2023
Abu Dhabi, 26 October, 2023 : New partnership highlights Thuraya's continui...
23/10/2023
Service partnership agreement covers vital sectors including government, telemed...
23/10/2023
Abu Dhabi, 23 October, 2023 : Service partnership agreement covers vital sector...
17/10/2023
The innovative IoT Product provides tracking, locking and multiple sensing featu...
17/10/2023
Abu Dhabi, 17 October, 2023 :
The innovative IoT Product provides tracking, ...
12/10/2023
The company is set to forge several new partnerships with leading companies to enrich its portfolio of Internet of Things (IoT) and Artificial Intelligence (AI)...
12/10/2023
Abu Dhabi, 12 October, 2023 : The company is set to forge several new partnerships with leading companies to enrich its portfolio of Internet of Things (IoT) a...
22/09/2023
Abu Dhabi, United Arab Emirates, 22 September 2023: Al Yah Satellite Communicati...
20/09/2023
On track to grow dividends by at least 2% to a total of AED 402 million [USD 109...
19/09/2023
STACK Infrastructure, the digital infrastructure partner to the worlds most innovative companies and a leading global developer and operator of data centers, an...
11/09/2023
Partnership aims to expand broadband penetration in Sub-Saharan Africa
Abu Dhabi, UAE, 11 September 2023: YahClick, the Data Solutions subsidiary of the UAE...
29/08/2023
Yahsat proudly celebrates Emirati Women's Day, recognizing accomplishments o...
15/08/2023
Were excited to announce that weve broken ground on a 1.1 million square foot development on behalf of transportation and logistics company, Highlight Motors Gr...
11/08/2023
Yahsat's Commercial team is exploring ways to take advantage of growing Chin...
New program provides further momentum to UAE space economy sector
