The company will also forge several new partnerships with leading companies to enrich its portfolio of IoT and AI solutions.
thuraya
The Chief Operations Officer of Yahsat accepted the award for the company’s role in developing an advanced satellite communications infrastructure in the UAE.
The partnership signifies a milestone for Thuraya’s IoT ambitions and will be the company’s first investment in a LEO satellite constellation.
A new tactical radio solution that addresses existing Push-To-Talk limitations has been launched in collaboration with Cobham Satcom.
These products are designed in cooperation with Cobham Satcom to ensure the delivery of a wide spectrum of services.
Thuraya, Yahsat’s mobility business, has also signed a complementary commercial agreement to develop a next-generation IoT platform with eSAT Global.
According to the African Space Industry annual report 2019, satellite communications generate approximately $6.5bn in Africa annually.
The office launch coincides with 15 years of Thuraya’s success in the APAC market and was inaugurated in the presence of Emirati and Singaporean dignitaries.
The company has reported the highest ever Net Income (profit attributable to the shareholders) of $69.8m.