The UAE launches 'Space' business and awaits the trade "Space 42"

The UAE company “Edge” employed in the field of advanced technology and defense today, Monday, launched its new “Space” business, which specializes in the spacecraft, at a time when the “Space 42” business consists of the integration of the satellite business “Yahsat” with the Company “of the G42 group, which specializes in the G42 group, specializing in the G42 group, specializing in the G42 Solutions supported by artificial intelligence. The mission of ‘space’ revolves around the development of sovereign spatial abilities in the country, and benefits from the benefits of local and international partnerships, as well as the necessary relationships based on joint and constructive collaboration by conveying technology and knowledge, ‘according to the Emirates News Agency’ WAM ‘. “Space” is aimed at “establishing a self -sufficient sovereign spaces sector that can support national security and secure commercial requirements to support the leadership of the UAE and promote the wheel of innovation and spacecraft.” It is scheduled to establish a ‘space’ within its goals ‘advanced facilities for the development, manufacturing, collection, integration and testing of different satellite systems, to become a united center for all activities related to space for the purpose of providing comprehensive solutions to local and international customers.’ The announcement of the launch of a ‘space’ came after the choice of ‘Edge’ in November 2023, as a major contractor within a strategic partnership with the Emirates Space Agency, to implement the ‘square’ program, which consists of three satellites with a full -fledged intellectual property and equipped with space. The “Squadm” program aims to start the first satellite called “SARB -1” by 2026, and also contains plans to expand collaboration with other actors in the sector, small and medium businesses and startups to improve the program’s experiences and capabilities. The integration of “Yahsat” and “data” Meanwhile, the UAE awaits the completion of the integration process between the “Yahs SAT” and “data” on the first of the next October, under the name “Space 42”. From the closure of the trading on Monday, September 30, the “Yahs SAT” insert will be canceled from the Abu Dhabi market, provided all its assets and obligations will be transferred to the “data” business in exchange for the shares of the newly executed databres, which will be assigned to the “YAH SAT” shareholders in the framework of integration. After issuing the new shares of “data” business, shareholders of “data” shareholders will reach about 54%in the new company, while the share of the “Yah SAT” shareholders will reach about 46%. At the end of 2023, the two companies said in a joint statement that their two councils unanimously voted on the recommendation of their shareholders to agree to the proposed integration, arising from one of the largest spacecraft enterprises listed in the global level, and the way it would grow and integrate at the global level. At the time, the two companies said that the new entity would be able to utilize the local and international opportunities in the fields of geometric solutions, mobile communications solutions, space communication and information for the business sector, and that they would also have a strong financial status, advanced technological capabilities supported by artificial intelligence. The company “Yahsat” contracted with “SpaceX”, which is associated with Elon Musk, to launch its industrial moon “Yah 4” and “Yah 5”, using the “Falcon 9” vehicle during the first of the year 2027 and 2028, according to the first of July’s disclosure. The UAE Steps in Space, The Emirates Space Agency says that the National Space Sector, “is considered one of the most advanced in the region, as the total investments reached about 40 billion dirhams,” according to its website on April 23. Areas Program, which includes the establishment of 6 Satellite Economies in the Country, to support startups, Small and Medium -sized Companies, and Stimulate the National Economy in the Space Sector, at providing economic initiatives and stimuli. The number of partners of the program has reached 13 strategic partners, while the number of companies that have participated in the program over the past two years has reached more than 180 businesses. The agency also announced the establishment of the 3 billion Dirhams National Space Fund to improve the investments of entrepreneurs and companies in the private sector, and work to finance and facilitate the development of future space editors and projects. The Minister of Rat for Advanced Technology and Head of Emirates Space Agency Council, Sarah Al -Amiri, told ‘Al Sharq’ in previous statements that her country had moved from an outer spacecraft to her manufacturer, and exceeded other countries at the speed of developing the ability of the private sector and the powers. According to Al -Amiri, the UAE passed in the 1990s of a user of satellite technologies and outer space, to a developer in 2006, by establishing the ‘Mohammed Bin Rashid space’ center, and the development of the system to transfer knowledge and experiences to national cadres in the production of satellites and its design. She pointed out that the entry of countries in the space industry is either by gradually building their capabilities from small industries to the exploration of outer space, or by completing what other countries have reached, which is the model that has adopted the UAE, as it has benefited from previous experiences and learned from them, especially because the spaces sector has major challenges.