Abu Dhabi, UAE: – Bayanat, a leading provider of AI-powered geospatial solutions, has signed an MOU with Al Yah Satellite Communications Company PJSC (Yahsat), the UAE’s flagship satellite solutions provider listed on the Abu Dhabi Securities Exchange (ADX; under the symbol: YAHSAT, ISIN: AEA007501017), to develop an in-country space program. The MOU brings together Bayanat’s expertise in remote sensing capabilities and data analytics, and Yahsat’s proven capabilities spanning satellite space technology.

The strategic partnership was announced today at IDEX 2023 and is aimed at establishing and operating strategic earth observation partnership within the UAE which includes Synthetic Aperture Radar (SAR) and optical imagery satellite capabilities. The global market potential is estimated to stand at US$ 4 billion for optical and SAR data combined.  This partnership intends to consolidate the companies’ synergies leading to in-country manufacturing and managed services.

Bayanat’s long history in the geospatial industry has given it the opportunity to access, understand, and optimize a wide array of data generation, acquisition, visualization, and analysis systems. The company provides numerous applications for earth observation through its proprietary capabilities as well as through an extensive portfolio of industry-leading remote-sensing partners.

Yahsat has long-standing expertise in remote sensing technology and earth observation – driven through space systems engineering, spacecraft conceptual design and development, ground segment engineering integration and satellite fleet mission control infrastructure alongside user-segment design. As a trusted partner for the UAE Government, Yahsat is committed to expanding services within the segment, driven by an increasing demand for advanced, sophisticated, and secure technology that can support growing needs for key government clients.

Speaking on the occasion, Hasan Al Hosani, CEO of Bayanat, said: “Yahsat has been a long-standing partner for Bayanat. Our remote sensing capabilities perfectly complement Yahsat’s space capabilities and will serve to create synergies in earth observation capabilities.”

Ali Al Hashemi, Group CEO of Yahsat, added: “We look forward to our partnership with Bayanat to further expand the scope and services available within the remote sensing and earth observation segment in the UAE. This agreement will further establish the nation as a global hub for space science and technology and is aligned with our strategy to prioritize segments with strong anticipated growth and development. We are confident that by leveraging our respective areas of expertise, we will be able to build a cutting-edge solution to further augment national capabilities.”


About Bayanat:

Bayanat, an ADX listed public company with majority shareholding by G42, provides comprehensive world-class AI-powered geospatial solutions to a growing number of sectors such as Defense, Environment, Energy & Resources, Smart Cities and Transportation. It’s offering includes topographic, hydrographic, and aeronautical products and charts, as well as spatial data surveying, analysis, management, modelling, visualization, and cartography services. Bayanat’s solutions harness vast amounts of premium and unique data from a range of sources including Satellites, High Altitude Pseudo Satellites (HAPS) and Earth Observation powered by AI to drive geospatial intelligence (gIQ).

For more information, please visit: www.bayanat.ai
For media enquiries, please send an email to: media@bayanat.ai

About Yahsat

Al Yah Satellite Communications Company PJSC (Yahsat) is a public company listed on the Abu Dhabi Securities Exchange (ADX) and a subsidiary of Mubadala Investment Company PJSC, offering multi-mission satellite services in more than 150 countries across Europe, the Middle East, Africa, South America, Asia and Australasia.

Yahsat’s fleet of 5 satellites reaches more than 80% of the world’s population, enabling critical communications including broadband, broadcasting, backhauling and mobility solutions. Based out of Abu Dhabi in the UAE, Yahsat provides C, Ku, Ka and L-band satellite communications solutions for land, maritime and aero platforms to consumers, governments and enterprises. Its businesses consist of Yahsat Government Solutions, Thuraya, YahClick (powered by Hughes) and YahLink. Yahsat also participates in Hughes do Brasil, an equity partnership with Hughes, and Yahlive, an equity partnership with SES. In 2020, Yahsat commenced construction of Thuraya 4-NGS, the next generation telecommunications system for Thuraya, which is due to be in service during 2025.

For more information, visit: www.yahsat.com; Follow us on Twitter: @YahsatOfficial

For investor enquiries, please contact: ir@yahsat.ae

For media enquiries, please contact: corporatecomms@yahsat.ae; Yahsat-ME@fgsglobal.com

Legal Notice

Neither this announcement nor anything contained herein constitutes a financial promotion, or an invitation or inducement to acquire or sell securities in any jurisdiction. 

For media enquires please contact:
Tony Luke, tony.luke@hkstrategies.com