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Abu Dhabi Merger Will Create A $4.1B Space Company
Bayanat, a geospatial data provider, and Al Yah Satellite Communications will become Space42, the MENA region’s first AI-powered space-tech company.
Two Abu Dhabi companies have agreed to merge in a landmark deal that will create “Space42,” one of the world’s most valuable listed space-tech companies.
Bayanat, a geospatial data provider, and Al Yah Satellite Communications — known as Yahsat — will have a market capitalization of $4.08 billion.
“This merger will unite two leading home-grown companies to create the Mena region’s first AI-powered space technology company,” explained Tareq Al Hosani, chairman of Bayanat.
“Together, we will leverage our key synergies to reinforce our position as a key engine of growth and strategic solutions provider to the UAE government and its agencies while expanding our reach to global customers,” he added.
The proposed merger will be realized through a share swap, with Bayanat remaining a legal entity. The shareholders of Bayanat and Yahsat will own 54% and 46%, respectively, of the newly created company.
“The merger is a compelling opportunity to amplify value creation for shareholders, utilizing synergies and strategic consolidation to create a technologically advanced champion […] The enlarged entity will benefit from accelerated growth potential as a player of scale with enhanced competitive advantage,” said Musabbeh Al Kaabi, chairman of Yahsat.
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The space sector is currently enjoying a massive surge of interest as competition hots up with more companies entering the arena. According to figures from the Space Foundation, the space economy grew by 8% to nearly $550 billion in 2022 and is projected to expand by at least another 40% over the next five years.
The UAE, currently the Arab world’s second-largest economy, has the region’s largest space sector in terms of investment size. Last year, the Emirates launched an $820 million fund to support its latest space program and a new initiative to develop high-tech radar satellites.
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Abu Dhabi’s Robot Kitchen Is Serving Up Biryani, Not Burgers
Circus SE wants to put a tiny automated factory inside the buildings where Gulf residents live and work, bypassing part of last-mile delivery.
The most telling thing about a new autonomous kitchen now running in Abu Dhabi’s Marina Square is what it won’t cook:
“We don’t do fast food,” says Nikolas Bullwinkel, Founder and CEO of Circus SE. “We’ve actively decided not to build a machine that can only do burgers”.
Instead, the CA-1 system is built around pot-based cooking: curries, pastas, soups and rice dishes. After experimenting with highly personalized recipes, Circus deliberately leaned back toward recognizable food. “We’re going with a chicken biryani because you know it,” Bullwinkel says of the AED 40 dish.

The Germany-based robotics and food technology company operates across eight countries, and Abu Dhabi is its first deployment outside Europe. More locations are expected there and in Dubai.
In Germany, its units can be placed in supermarkets, gas stations, airports and hospitals. In the Gulf, Bullwinkel wants them inside residential and office buildings, replacing some of the complexity of last-mile delivery. “We’re basically bringing a very tiny factory a few square meters into your building,” he says. Catering company Royal Prestige supplies the ingredients and knowledge of local tastes.
The CA-1 manages up to 36 refrigerated ingredient silos alongside automated induction cooking, robotic plating and a self-cleaning dishwasher. Two robotic arms move ingredients through the system with minimal human intervention. It can produce up to 120 hot meals an hour, and a meal such as rice and curry can take around three to four minutes.
Also Read: Ooredoo Qatar’s 5G+ Network Is Built For Machines As Much As People
Five cameras and multiple sensors monitor heat, temperature and consistency, an attempt to approximate what a chef perceives. “You can hear something gets burned, you can smell it, you can see it at some point,” Bullwinkel says. CircusOS, the company’s operating system, adjusts recipes in real time.
You might think of the platform as a threat to kitchen staff, but Bullwinkel frames Circus as a way for chefs to develop recipes and distribute them at scale. With that being said, rising labor costs and shortages are also part of his case for automation.
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