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Article: JV creates first $500m private satellite firm.

Article from:
TradeArabia (Manama, Bahrain)
Article date:
February 9, 2009
Copyright

Byline: Dubai

An alliance of Jordanian and Kuwaiti companies has launched a $500 million firm, which will be the Mena region's first private satellite company.

The new UAE-based company has been named 'SmartSat' and will be headquartered in Dubai Studio City.

SmartSat will leverage the expertise of a widely experienced executive board, led by chairman and managing director Khaled Derbas, who is a renowned pioneer in delivering internet services using satellite technology to consumers in the region.

SmartSat will offer its new services by launching the Arab World's first private satellite that will serve the Mena region.

The ...

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