Bahrain FinTech Bay to partner with SES to develop the space technology scene of the country

MAGNiTT News 1 year ago - Tue, Jul 9, 2019, 6:56 AM

Bahrain FinTech Bay to partner with SES to develop the space technology scene of the country
Author: MAGNiTT

Bahrain FinTech Bay is looking forward to working together with Luxembourg-based company SES, the global market leader in the satellite operation industry. SES is the first ever satellite operator to deliver a differentiated and scalable GEO-MEO offering worldwide, with more than 20 satellites in Medium Earth Orbit (MEO), and 50 more in Geostationary Earth Orbit (GEO).

The partnership between SES and Bahrain FinTech Bay will aim to support the development and progress of Bahrain’s space capabilities, along with relevant applications in cloud computing, communication networks and video distribution. The key public stakeholders of Bahrain FinTech Bay will work in the project to achieve the aspirations and goals.

Khalid Saad, the CEO of Bahrain FinTech Bay, told Zawya, “Bahrain FinTech Bay continues to strategically work with key stakeholders on initiatives that serve Bahrain’s long-term ambitions to transform further into an innovation and knowledge-driven economy. Our partnership with SES aims to support this transformation, including Bahrain’s Cloud First Policy, by developing the right space capabilities and infrastructure.”  

The Chief Strategy & Development Officer of SES, Christophe De Hauwer, commented,  “At SES, we aim to do the extraordinary in space so that you can deliver amazing results on earth. We are honored that Bahrain FinTech Bay has chosen to work with us and look forward to jointly exploring how our solutions will be a key enabler in helping Bahrain’s ambition to achieve digital transformation.”

If this partnership manages to achieve the targets the partners have set up, it will bring a revolutionary change in the technology scene in Bahrain.

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