Page 85 - SAMENA Trends - May-June 2023

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UAE’s Yahsat Targets New Tie-Ups in The Asia Pacific Region

‘Yahsat Asia Week’ has showcased innova-
tive solutions of its mobility arm, Thuraya,
and explored opportunities for forging new
partnerships in the Asia Pacific region. Al
Yah Satellite Communications Company
(Yahsat), the UAE’s flagship satellite solu-
tions provider, has organized ‘Yahsat Asia
Week’, a series of industry focused activi-
ties in Singapore from June 5 to 9, 2023,
as part of its ongoing efforts to strength-
en its presence in global markets. ‘Yahsat
Asia Week’ consists of Yahsat’s first-ever
Asia Partner Conference bringing togeth-
er service partners from 8 countries in the
region under the theme ‘Partner Pioneers’
as well as participation in CommunicAsia
2023 and Asia Satellite Business Week.
During the Asia Week, Thuraya Telecom-
munications Company, the Group’s mobility
arm, is showcasing its latest and best-sell-
ing solutions and services, as it is target-
ing growth across Asia-Pacific markets
with new commercial opportunities. The
Asia-Pacific satellite communications mar-
ket is expected to grow at an 8.5% CAGR
between 2022 and 2032. As such Thuraya
recognises a surging demand for satellite
services in the region. At the Asia Partner
Conference on 5 June, regional service and
technology partners learned about Yah- longstanding presence in Asia through our including Thuraya MarineStar and Thuraya
sat’s regional growth strategy as well as extensive satellite network, wide-ranging Push-To-Talk (PTT) that are immensely
being given exclusive previews of Thuraya’s solutions, and enduring partnerships. These popular due to their versatility, flexibility,
next-generation broadband solutions. The strong fundamentals have allowed us to and affordability. MarineStar has become
conference was attended by more than build a solid footing in the satellite commu- the leading maritime solution in its class
25 entities from the region, representing nications sector both regionally and global- across Asia and other regional markets,
key markets including Vietnam, Philip- ly. “Encapsulating three influential events, solidifying Thuraya's position as a tech-
pines, Malaysia, Singapore, South Korea, ‘Yahsat Asia Week’ reinforces our commit- nology and solution-driven brand. Through
China, Indonesia, and Australia. It focused ment to this rapidly growing region. With previews of its next-generation broadband
on areas of higher growth and profitability our unique blend of advanced and afford- product line, Thuraya is also keen to pro-
across various industry verticals, such as able products, we have a time-tested rep- vide CommunicAsia visitors with first-hand
Enterprise, Consumers, Maritime, and Gov- utation for feature-packed devices, which experience of the advanced satcom capa-
ernment. Developed in collaboration with make a real difference to the way people bilities that Yahsat is envisioning for its
the industry leader, Cobham SATCOM, Thu- live and work in Asia.” The conference con- mobility business. Thuraya is also partici-
raya’s next-generation broadband solutions cluded with an exciting race-style sailing pating in a panel at Asia Satellite Business
are poised to address strategically import- event, which demonstrated the strengths Week, entitled ‘Mobile Satellite Connectivi-
ant and diversified market segments within of Thuraya’s maritime portfolio, while serv- ty Services: Next Steps for IoT & Direct to
Internet of Things (IoT) and Maritime. Ali Al ing to forge stronger relationships among Device.’ In 2022, Thuraya, the mobility arm
Hashemi, Group Chief Executive Officer of partners. At CommunicAsia 2023, Thuraya of Yahsat, contributed 19% of the Group’s
Yahsat, said: “Yahsat and Thuraya have a is showcasing its award-winning solutions total revenue, registering revenue increas-

85 MAY-JUNE 2023