Tawazun Economic Council and Yahsat have signed an agreement for the incorporation of their proposed joint venture, Star Technologies, at Dubai Airshow.
Matar Ali Al Romaithi, Chief Economic Development Officer of Tawazun, and Eisa Al Shamsi, General Manager of Yahsat Government Solutions, signed the agreement at Dubai Airshow, in the presence of officials from both sides.
Star Technologies will develop best-in-class satcom capabilities, building upon the strong value proposition already offered to the UAE government by Yahsat Government Solutions, the dedicated government solutions arm of Yahsat, creating an opportunity for even greater differentiation and customer excellence in the market, the company said.
The long-term mission of Star Technologies is to create value for end-users through a combination of R&D and acquisition and the generation of new intellectual property, forming the core of a self-sustaining satcom industry in the UAE. Star Technologies will specialise in the engineering, design and in-country manufacturing of customised hardware and software, including advanced satellite modems, small form factor antennas, and tracking solutions. Star Technologies’ mandate is fully aligned with the UAE government’s economic diversification programme, with the goal of creating UAE-made intellectual property while inspiring future generations to enter the space technology industry.
The first product will be a Star Technologies branded IP satellite modem system. This system will complement Yahsat’s existing satcom capabilities to enable differentiated high-performance solutions and establish an integrated end-to-end commercial offering for multiple end-user segments.
Star Technologies will be led by General Manager Khalid Al Awadhi, a long-standing senior executive in the UAE space industry. Al Awadhi previously served as the Executive Vice President, Special Projects,
Yahsat Government Solutions and the Director of Space Missions for the UAE Space Agency, where he led complex scientific and exploratory space missions to advance the UAE’s national space programme.
Speaking on the launch of Star Technologies, Ali Al Hashemi, Group Chief Executive Officer at Yahsat, said: “We are proud to announce the launch of Star Technologies at the Dubai Air Show. This announcement is result of significant efforts from both entities and brings us one step closer to advancing the UAE’s satellite communications manufacturing capabilities. Today’s milestone, jointly achieved with our partners at Tawazun Economic Council, complements our commitment to position the UAE as a global hub for space science and technology, while developing talent in the satellite communications sector and inspiring future generations to enter this fast-growing and fascinating industry.”
Tareq Abdulrahman Al Hosani, CEO of Tawazun, added: “This joint venture is bound to have an impact as innovation is in Tawazun and Yahsat’s DNA. This venture is a product of Tawazun’s role to create efficient, resilient, connected and sustainable technologies that reflect the UAE’s strategic goals, especially for the 4th Industrial revolution. We welcome the prospect to leverage opportunities for local industry, and continue evolving the UAE’s satcom capabilities through further development of the country’s manufacturing sector.”
Khalid Al Awadhi, General Manager, Star Technologies, stated: “I am honoured to take on this new leadership role at Star Technologies, an organisation that will lead from the front to drive innovation in the UAE, in collaboration with leading international technology firms. I am confident that Star Technologies, with the backing of Yahsat’s extensive network, reach and long-standing government relationships, will be pivotal in cementing the UAE as a leader in satellite-enabled communication technologies”.
The incorporation of Star Technologies remains subject to the fulfilment of certain conditions precedent, and is expected to take place no later than Q1 2022.