Seven satellites will be launched as part of the UAE's Earth Observation space programme.
Bayanat
Space42 aims to develop hybrid connectivity and geospatial services to meet demand from autonomous vehicles and other emerging capabilities.
In a significant move for the UAE’s space sector, Bayanat and Yahsat have approved a merger to form SPACE42. Karim Sabbagh, Managing Director Designate...
The first-quarter results were propelled by Bayanat's sustained emphasis on the company's core segments and advancements in Artificial Intelligence...
While space majors around the world are looking to leverage AI to revolutionise connectivity, the UAE also now has one entity at its doorstep.
The merger is subject to further regulatory approvals in the UAE and internationally.
The merger is expected to yield considerable cost and revenue synergies, positioning the enlarged entity for enhanced shareholder value creation.
