Bayanat, Yahsat sign MoU to develop space programme for earth observation capabilities
ABU DHABI, 23rd February, 2023 (WAM) -- Bayanat, a leading provider of AI-powered geospatial solutions, signed a Memorandum of Understanding (MoU) with Al Yah Satellite Communications Company (Yahsat), the UAE’s flagship satellite solutions provider listed on the Abu Dhabi Securities Exchange, to develop an in-country space programme.
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.
