Emirati “Tawazun” signs an agreement to establish a company to develop and manufacture space communications solutions

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Abu Dhabi – Mubasher: The Economic Balance Council “Tawazun” in the United Arab Emirates and “Yahsat”, the leading global satellite operator, signed a memorandum of understanding to establish a new company to develop and manufacture space communications solutions.

The Economic Balance Council stated, in a tweet on its official account on the social networking site “Twitter”, today, Tuesday, that the new company will be based in the UAE.

The council stated that the memorandum of understanding focused on protecting intellectual property rights locally, to increase national security and develop advanced technology.

The MoU was signed by Issa Al Shamsi, Deputy Director General of the “Yahsat Government Services” unit, and Mattar Ali Al Rumaithi, CEO of the Economic Development Unit at the Economic Balance Council, on the sidelines of the International Defense Exhibition and Conference “IDEX 2021”, according to the Emirates News Agency, “WAM”.

Under the MoU, the new company will develop technologies and manufacture products focused on three main areas, including satellite communications technologies intended for the aviation sector.

The new company will develop technologies and manufacture products centered on satellite modem technologies, in addition to enabling other products and technologies specialized in satellite communications.

It is planned that international experts will be sought to build a world leader in this field.

The project initially requires the development of a secure, multi-platform, satellite-connected modem device that meets governmental and defense needs locally and internationally.

Yahsat will play an important role in ensuring that the company’s new products meet the requirements of its government customers through a differentiated and targeted product strategy, enabling the UAE government and local and global users to discuss key technological development areas.

Yahsat will also provide key product development capabilities by leading developers and manufacturers with the aim of establishing and managing local production lines in an integrated manner.

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