Insider Brief
Pasqal and Eleven Ventures have agreed to establish a commercial joint venture to deploy and commercialize Pasqal’s neutral-atom quantum computing systems in Saudi Arabia and the wider region.
The venture plans to deploy multiple quantum systems, develop local quantum talent and provide customers with access to Pasqal’s systems within the Kingdom.
The agreement aligns with Saudi Arabia’s Vision 2030 goals for AI and advanced computing and follows growing technology cooperation between Saudi Arabia and France.
Press release – Pasqal, a global leader in neutral-atom quantum computing, and Eleven Ventures, a Kingdom of Saudi Arabia based investment platform and venture capital firm, today announced an agreement to establish a commercial joint venture to deploy, commercialize and scale Pasqal‘s quantum computing systems across the Kingdom of Saudi Arabia (the “Kingdom”) and the region, with plans to deploy multiple quantum systems in the coming years. The venture is designed to advance the Kingdom’s Vision 2030 ambitions in artificial intelligence and advanced computing, and to position the Kingdom as a regional hub for quantum technology.
