ABU DHABI, UAE: The strategic joint venture addresses the growing demand for SAR satellite imagery and will strengthen Space42 and ICEYE’s customer offeringsBuilds upon Space42 and ICEYE’s successful collaboration for the production of the first batch of UAE-made Foresight constellation satellitesThe JV will act as a vehicle for technology transfer, sovereign & sustainable access to capabilities, and localizing the supply chainABU DHABI, UAE, Dec. 9, 2024 /PRNewswire/ — Space42 (ADX: SPACE42), a UAE-based AI-powered SpaceTech company with a global reach, and ICEYE, the global leader in Synthetic Aperture Radar (SAR) satellite operations for high-fidelity Earth Observation, today announced the creation of a joint venture to manufacture SAR satellites in the UAE, building on their successful cooperation, which includes the recent launch of the UAE’s first SAR satellite, Foresight-1, in August 2024.