UAE joins the satellite race as Space42 and ICEYE form a powerful partnership
- Space42 and ICEYE announced a joint venture to manufacture SAR satellites in the UAE.
- The venture aims to advance the UAE's Earth Observation Program and localize the supply chain.
- This initiative enhances local talent development, technology transfer, and economic growth in the region.
On December 9, 2024, in Abu Dhabi, UAE, Space42 and ICEYE established a joint venture to produce Synthetic Aperture Radar (SAR) satellites locally. This strategic move aims to meet the increasing demand for SAR satellite imagery, which is crucial for various applications, including Earth observation. Their partnership builds upon the successful collaborative launch of Foresight-1, the UAE's first SAR satellite, which occurred in August 2024. The creation of this joint venture is part of the UAE’s broader initiative to enhance its Earth Observation Program, contributing significantly to its national satellite remote sensing capabilities. The joint venture will not only focus on satellite manufacturing but also serve as a platform for technological transfer and knowledge sharing. This initiative aligns with the UAE's objectives to localize its satellite manufacturing capabilities and support its growing industrial ecosystem. It will also create opportunities for Emirati talent to participate actively, fostering innovation and contributing to the economic development and sustainability of the region. In addition to reinforcing ICEYE's presence in the UAE, the partnership aims to support the country’s efforts in technology localization and supply chain management. Space42's CEO, Hasan Al Hosani, highlighted the importance of the venture in enhancing the UAE's satellite capabilities and fostering customer value through AI-enabled solutions. This collaboration reflects a growing trend in the space industry, where nations are increasingly looking to develop their sovereign capabilities in satellite technology as part of their strategic planning for national security and economic growth. As the UAE continues to invest in its space program, this joint venture signifies a commitment to building an independent and sustainable satellite manufacturing sector within the country, ultimately aiming to elevate the UAE's position within the global space community.