Based on an algebraic decomposition of a fourth rank tensor in terms of second rank tensors we suggest a reformulation of Einstein’s gravitational theory as a flat space gauge theory. This has been done by associating a curved manifold with a flat space U(2)×U(2) gauge theory. It is shown that while, in order to reproduce Einstein field equations one has to use a non-Yang-Mills action, the linearized equations follow from a Yang-Mills action. A relation between the metric and gauge fields is obtained. The consistency of the postulates is also verified.