Bayanat and Yahsat to merge on October 1 to form Space42
Bayanat
Latest in Bayanat
Bayanat
UAE launches first SAR satellite, boosting Earth observation capabilities
The launch took place on August 16, 2024 from Vandenberg Space Force Base in California, USA
Abu Dhabi
Debt-free Bayanat reports 18% increase in revenue to $74.3mn
H1 Gross Profit at $22.9 million with a margin of 31%; Net Profit at $5.2 million with a 7% net margin
Abu Dhabi
Bayanat JV with Korea’s Autonomous a2z to drive autonomous systems
The autonomous systems developed by the JV, announced in Abu Dhabi during DRIFTx, will connect major inner-city hubs
Abu Dhabi
Bayanat, IMKAN Properties announces plan to develop smart transportation system on world’s first healthy living island
IMKAN Properties will construct required infrastructure while Bayanat provides digital infrastructure like maps and positioning for autonomous vehicles and unmanned systems
Bayanat
Bayanat, Yahsat shareholders approve merger to create SPACE42
The merger is subject to further regulatory approvals in the UAE and internationally
Bayanat
Bayanat and Yahsat to vote on merger to create AI-powered spacetech giant SPACE42
Bayanat and Yahsat merger would create one of the most valuable publicly listed space companies in the world
Abu Dhabi
Bayanat, Yahsat to merge into $4bn AI-powered space tech company
Bayanat is a leading AI-powered geospatial solutions provider, while Yahsat is a leading global satellite operator
Abu Dhabi
Bayanat, Yahsat join hands with ICEYE to boost UAE space-ecosystem
Will develop a network of five LEO SAR satellites capable of capturing images day and night regardless of weather conditions or solar illumination
Abu Dhabi
Bayanat looks to raise $171m at IPO
Bayanat, a geospatial and data analytics firm owned by Abu Dhabi’s G42, plans to raise $171m
Autonomous vehicles
First trials completed of self driving taxi service in Abu Dhabi
Trials took place on Yas Island in November and December, with over 16,600km of driving achieved
Autonomous vehicles
Abu Dhabi’s G42 to start first driverless car trials in Middle East
Launching on Yas Island, cars will have a safety officer on board and transport passengers between nine stops, including hotels and shopping malls