UAE government awards Yahsat $247.5m for enhanced managed services

Al Yah Satellite Communications Company (Yahsat) today announced that its dedicated government arm, Yahsat Government Solutions (YGS) has been awarded a Dhs909.5m ($247.5m) mandate to provide enhanced managed services to the UAE government for its satellite communications capabilities.

The agreement augments the previous operations and maintenance services provided, to include technology management support, from January 2022 until the end of 2026.

Yahsat has been providing operations and maintenance services since 2011 on its first two satellites, Al Yah 1 and Al Yah 2, which form part of a 15-year capacity services agreement with the UAE government. In 2021, Yahsat was requested by the government to explore two new satellites, Al Yah 4 and Al Yah 5, to be launched by 2026.

This latest milestone builds on Yahsat’s strategy to expand its managed solutions capabilities across the value chain to provide more strategic services to key clients within the UAE and internationally. It also adds to the group’s contracted future revenues, which now stand at approximately Dhs8.4bnn ($2.3bn).

Ali Al Hashemi, group CEO at Yahsat added, “Today’s announcement validates our strategic approach to expand our offering across the value chain while enhancing our ability to provide end-to-end secure and critical satellite solutions and connectivity. This further demonstrates the strength of our relationship with the UAE government, with whom we have had a strong partnership for over 10 years. The mandate boosts Yahsat’s contracted future revenues to provide more visibility on the long-term financial outlook for the group.”

Earlier this month, YGS also announced it had been awarded a Dhs24m contract by Abu Dhabi Ship Building to provide advanced and secure satellite communication services.

Read: Abu Dhabi-based Yahsat wins Dhs24m contract to build naval satcom systems