Al Yah Satellite Communications Company
The agreement is an important component of the AY4 and AY5 procurement programme, the full cost of which is expected to reach approximately AED 3.9 billion [USD 1.1 billion], encompassing spacecraft, ground segment infrastructure, launch and insurance. This announcement follows the signing of a contract between Yahsat and Airbus to design and build AY4 and AY5 based on the Eurostar Neo platform as part of an AED 18.7 billion [USD 5.1 billion] mandate awarded in Q3 2023 to Yahsat by the UAE Government for the provision of satellite communications capacity and managed services for 17 years, primarily on AY4 and AY5.
Al Yah Satellite Communications Company (Yahsat), the UAE’s flagship satellite solutions provider, (ADX trading Symbol: YAHSAT), has selected SpaceX for the launch of its advanced new geostationary satellites Al Yah 4 (“AY4”) and Al Yah 5 (“AY5”) using SpaceX’s flight-proven Falcon 9 rocket.
