The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
ABU DHABI / WAM
Tawazun Economic Council and the UAE’s flagship satellite services operator, Yahsat, have signed a Memorandum of Understanding (MoU) to establish a new company to develop critical in-country capabilities in relation to the development and manufacture of advanced satcom solutions within the UAE, with a focus on building intellectual property locally for increased national security and advanced technology development.
The MoU confirming the collaboration was signed during Idex 2021 by Eisa Al Shamsi, Deputy General Manager of Yahsat Government Solutions, and Matar Al Romaithi, Chief Economic Development Officer for Tawazun.