Arabsat assembly meeting concludes

MUSCAT: The 40th meeting of the General Assembly of the Arab Satellite Telecommunications Organization (ARASAT) held at the Grand Hyatt Hotel, chaired by Dr Ahmed bin Mohammed al Futaisi, Minister of Transport and Communications, and attended by ministers, under-secretaries and heads of delegations participating in the meeting.
Dr Al Futaisi in his speech stressed the importance of ARABSAT in connecting countries of the Arab world to each other and to the outside world through the latest technology of satellite communications. He said ARABSAT is the world’s sixth largest satellite operator.
Adel bin Zaid al Tarifi, Minister of Culture and Information of Saudi Arabia, pointed out that ARABSAT succeeded in inking several agreements worth up to $150 million to provide huge space capacity to cover both Libya and Sudan.
The meeting came out with a number of resolutions: Including the approval of the final account of the organisation for 2016, the approval of the 2017 budget, the election of Bahrain and Morocco as new members and the continuity of membership of the Sultanate and Sudan and the exemption of the State of Palestine from the dues of ARABSAT by consensus of all Member States in support of the Palestinian cause.
Khalid bin Ahmed Balkheyour, CEO of ARABSAT said that ARABSAT General Assembly achieved revenues of nearly $340 million and profits of about $130 million.
It should be noted that the ARABSAT Board consists of nine countries, namely the Sultanate of Oman, Saudi Arabia, Kuwait, United Arab Emirates, Qatar, Libya, Sudan, Algeria and Djibouti. — ONA