Latest news with #MiraAerospace
Zawya
14-07-2025
- Business
- Zawya
UAE: Space42's board greenlights $695.5mln financing deal
Abu Dhabi – The board of Space42 has approved the entry of its subsidiaries into a proposed financing transaction with various financial institutions valued at $695.50 million. The facility deal comes within the framework of the Al Yah 4 and Al Yah 5 satellite program, according to a bourse disclosure. Meanwhile, the two units are Yahsat Treasury Sole Proprietorship and Star Satellite Communications Company. In May, Space42's subsidiary Mira Aerospace inaugurated MENA's first High Altitude Platform Stations (HAPS) manufacturing facility in Abu Dhabi. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Broadcast Pro
27-05-2025
- Business
- Broadcast Pro
Space42 opens MENAs first HAPS manufacturing facility in Abu Dhabi
The new High Altitude Platform Stations (HAPS) facility enables Mira Aerospace to manufacture unmanned aerial vehicles (UAVs) in the country. Mira Aerospace, the High Altitude Platform Stations (HAPS) subsidiary of Space42, the UAE-based AI-powered SpaceTech company, has established MENAs first HAPS manufacturing centre in Abu Dhabi. The new facility will significantly enhance Mira Aerospaces production capabilities, drive advanced R&D, support the commercialisation of HAPS technology, and lay the foundation for long-term, sustainable growth. The state-of-the-art, 4,500-sqm centre will deliver more than 20 HAPS UAVs annually, supporting civil, environmental, and defence applications. The facility marks a strategic milestone in the companys mission to position the UAE at the forefront of sovereign aerospace and space-based connectivity innovation. Contributing to the UAEs National Space Strategy 2030, Space42 is playing a critical role in the nations efforts to build sovereign space technology, manufacturing, and research and development capabilities. Space is a cornerstone of the UAEs technology roadmap, accelerating innovation and strengthening national resilience in advanced industries, and the new HAPS facility is a direct reflection of and commitment to this national priority. Khaled Al Marzooqi, CEO of Mira Aerospace, Space42, said: 'As the global demand for HAPS accelerates, Space42 is making strategic investments to strengthen our leadership in this growing market. The decision to build our new HAPS manufacturing facility in Abu Dhabi reflects our commitment to creating reliable, cost-effective systems with advanced space technology and plays a central role in developing sovereign capabilities that support our long-term business objectives and the UAEs broader economic goals.'
Khaleej Times
23-05-2025
- Business
- Khaleej Times
Abu Dhabi to manufacture 20 unmanned aerial vehicles in region's first facility
Abu Dhabi opened a new facility, the first-of-its-kind in Mena, which aims to produce more than 20 high-altitude unmanned aerial vehicles (UAVs). The region's first High-Altitude Aerial Platform (HAPS) facility, opened by Mira Aerospace, a subsidiary of Space42, spans 4,500 sqm. The UAVs will support diverse applications spanning the civil, environmental, and defence sectors. 'Global demand for High-Altitude Platform (HAPS) technologies is growing rapidly, and Space42 seeks to consolidate its leadership in this field through carefully considered strategic investments,' said Khaled Al Marzouqi, CEO of Mira Aerospace. The opening of the HAPS facility is part of UAE's drive to build sovereign capabilities in space technology, manufacturing, and research and development, in line with the objectives of the National Space Strategy 2030. Space42 is the first company to demonstrate 5G connectivity from the stratosphere via heavier-than-air platforms. In February 2025, the company signed a cooperation agreement with Maydan X to establish a permanent test centre for high-altitude, long-duration drone flight experiments. In October 2024, the company developed two advanced payloads to support applications in environmental monitoring, disaster management, urban planning, and agriculture.
The National
20-05-2025
- Business
- The National
Abu Dhabi aerospace firm to begin manufacture of prototype platforms to launch near-space flights
Abu Dhabi's Space 42 will begin to manufacture prototypes of platforms that will operate thousands of metres above the Earth's surface later this year. The announcement was made on Tuesday by the firm's managing director Karim Sabbagh, who was speaking at the Make it in the Emirates 2025 manufacturing conference in Abu Dhabi, reported the state news agency Wam. Space 42's Abu Dhabi facility will host the manufacturing of the prototype platforms that are designed to capture real-time data and provide high-speed communications from the lower part of the stratosphere. Called a High-Altitude Platform Station (Haps), this technology can reach altitudes of 18km, in a zone known as near-space where no commercial aircraft or satellites operate, The National previously reported. The Haps will enable unmanned aircraft to carry payloads for both communications and Earth observation. Trials in African, Asian, and European markets are expected to begin in the coming months, Mr Sabbagh said. The trials aim to validate the operational capabilities and demonstrate the feasibility of the Haps concept. The platforms themselves will be operated by Mira Aerospace, a subsidiary of space-tech company Space42. Mr Sabbagh also laid out Space42's plans to develop a non-terrestrial communications network, which will "leverage a constellation of satellites to deliver global coverage, particularly in regions underserved by traditional terrestrial infrastructure".
Zawya
20-05-2025
- Business
- Zawya
Abu Dhabi's Space42 set to make earth observation satellites
Abu Dhabi's Space42 is set to launch the MENA's first earth observation satellite manufacturing hub after its subsidiary Mira Aerospace opened the region's first High Altitude Platform Stations manufacturing center in Abu Dhabi. The efforts are part of plans to advance UAE's Earth Observation (EO) Space Program, designed to build capabilities in satellite-based remote sensing. Abu Dhabi Securities Exchange-listed Space42 was created through the merger of Abu Dhabi companies Bayanat and Yahsat. Its major shareholders include other Abu Dhabi entities, including G42, Mubadala and the International Holding Company (IHC) . The company last year won a $5 billion 17-year contract from the UAE government to produce new satellites. In October, the UAE government set up the Supreme Space Council to develop the country's space sector, oversee the public policies, and set up a framework for managing infrastructure, facilities, and assets in space sector. (Writing by Brinda Darasha; editing by Daniel Luiz)
