Over a period of 10 years, Qatar invests up to $ 1 billion in the latest quantum technologies and the development of workers that the joint venture provides academic and industrial partners
Quantinuum, the world’s leading provider of quantum computing solutions, founds a joint venture registered in Qatar with Al Rabban Capital, a department of Al Rabban Holding Company, one of the best-known companies of Katar. The joint venture will accelerate the introduction of quantum computing in Qatar and the region and strategically position the USA and Qatar as the world’s leading companies in the quantum revolution. This first quantum technology partnership of its kind was From the President of the United States highlighted in his historical state visit in Qatar.
The joint venture pursues three main goals: enabling access to the world’s leading quantum technologies from Quantinuum in the region; Common development of quantum computing applications that are tailored to regional needs in areas such as new energy, material discovery, precision medicine, genomics and financial services, whereby the era of Generative amount of AI (Genqai) result in new possibilities; and training of the next generation of quantum computing developers in Qatar and the region.
Quantinuum is constantly expanding its global presence in order to meet the growing international demand for its technologies and applications. The company’s expansion to the Golf region, starting with Qatar, follows its successful growth in the USA, Great Britain, Europe and in Indopazacific. This joint venture reflects the joint commitment of the USA and Qatar to strengthen strategic relationships, stimulate bilateral investments in promising industries and to promote technological leadership and shared prosperity.
The Joint Venture of Quantinuum with Al Rabban Capital builds on the one in the past Year announced Partnership with the Hamad bin Khalifa University and the Qatar Center for Quantum Computing (QC2), the leading Center for Quantum Research in Qatar.
“This is a crucial moment in Qatar’s endeavor to become a regional center for top technologies such as quantum computing,” said Abdulaziz Khalid Al Rabban, Chairman by Al Rabban Capital. “We work with Quantinuum to deliver first -class quantum solutions that promote economic growth in Qatar and the region.”
“This joint venture underlines our common vision of being a leader in transformative technologies,” said Dr. Rajeeb Hazra, President and CEO of Quantinuum. “Together with Al Rabban Capital, we accelerate the commercial introduction of quantum computing in Qatar and the region and at the same time serve the strategic interests of the United States and Qatars.”
Information about Quantinuum
Quantine Is the world’s leaders in the field of quantum computing. The company’s quantum systems offer the highest performance in important industry -scale. The more than 550 Quantinuum employees, including more than 370 scientists and engineers in the United States, Great Britain, Germany and Japan, are driving the quantum computing revolution ahead.
You can find more information at: https://www.quantinuum.com
Information about Al Rabban Capital
Al Rabban Capital (ARC) is a Qatarian investment and consulting company that drives company growth in Qatar and the Golf Cooperation Council (GCC). ARC enables the market entry and expansion through joint ventures, strategic partnerships and well -founded knowledge of local conditions. ARC supports both public and private sector initiatives with tailor-made end-to-end solutions. In addition to capital, ARC offer strategic advice, governance and access to a solid regional network. ARC focuses on AI, quantum technology, healthcare and sustainability, whereby the company is committed to effective growth.
You can find more information at: https://www.alrabbancapital.com
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