What Space42 merger between Bayanat and Yahsat would mean for UAE

Ahead of a shareholder vote that would solidify the creation of an AI-powered space technology company, Space42, its managing director said the company would help make the UAE a leader in the global space industry.

“We are well on the way to complete the main activities for executing the merger,” said Karim Sabbagh, referring to a meeting on April 25 where shareholders will vote on the proposed merger. “We’re on track,” he added.

Mr Sabbagh said that additional regulatory steps were being taken on an international level to ensure a successful merger.

“We rely on some western…