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الاقتصادية
Emirati Al-Alamiya Buys 80% of Marlan
The UAE-based company "Al Alamiyah Holding" (IHC) announced its intention to acquire 80% of "Marlan Space," a company specialized in space economy, as part of its plan to expand its presence in advanced technology fields and the space sector. Marlan Space, which manages "Orbit Works" and satellite manufacturing operations, focuses on developing space systems and technologies related to data and artificial intelligence. The company benefits from decreasing satellite launch costs and the growing demand for space-derived data. This acquisition aims to enhance the company's competitive capabilities and develop commercial space services, in addition to supporting Abu Dhabi's goal of building an integrated local space industry, with UAE investments in space technology, manufacturing, and data. The deal is awaiting regulatory approvals and is part of Al Alamiyah Holding's strategy to strengthen its investments in future technologies.
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