Key Takeaways
- • Pasqal and Eleven Ventures establish a commercial joint venture to deploy and operate neutral-atom quantum computing systems across Saudi Arabia and the broader MENA region, with multiple system deployments planned over coming years.
- • HRH Prince Abdulaziz Bin Turki Bin Talal, founder of Eleven Ventures, appointed as Chairman of the Board of Pasqal Arabia, providing strategic regional leadership and signaling high-level Saudi government backing for the quantum initiative.
- • The venture aligns with Saudi Arabia's Vision 2030 strategic objectives in artificial intelligence and advanced computing, positioning the Kingdom as a regional hub for quantum technology while building local talent and expertise domestically rather than relying on foreign access.
- • Announcement coincides with Saudi Arabia's State Visit to France on August 24, 2026, with Kingdom officials visiting Pasqal's headquarters and production facility, underscoring deepening bilateral cooperation in quantum computing and advanced technologies between the two nations.
- • Pasqal, backed by €340 million in recent funding, operates neutral-atom quantum systems with existing deployments in France, Italy, Saudi Arabia, and Canada, and partners with industry leaders including IBM, NVIDIA, Google, and Microsoft.
Summary
Pasqal, a global leader in neutral-atom quantum computing, and Eleven Ventures, a Saudi Arabia-based investment platform and venture capital firm, have established a commercial joint venture aimed at deploying, commercializing, and scaling quantum computing systems across Saudi Arabia and the MENA region. The joint venture will operate Pasqal's neutral-atom quantum systems and bring the company's technology to market for customers throughout the Kingdom and wider region, with plans to deploy multiple quantum systems in the coming years.
The strategic partnership directly supports Saudi Arabia's Vision 2030 agenda, which prioritizes artificial intelligence and advanced computing capabilities as cornerstones of economic diversification. By establishing the joint venture, the parties aim to position Saudi Arabia as a regional quantum technology hub while simultaneously building local engineering and scientific talent. This approach ensures quantum computing expertise develops within the Kingdom rather than remaining dependent on foreign providers, strengthening domestic technological sovereignty and creating a knowledge base for future regional expansion.
The venture's governance structure reflects the strategic importance Saudi Arabia places on the initiative. HRH Prince Abdulaziz Bin Turki Bin Talal, founder of Eleven Ventures, has been appointed Chairman of the Board of Pasqal Arabia, providing direct high-level strategic leadership across the Kingdom and region. Additionally, the joint venture includes plans for training programs and joint research opportunities designed to develop Saudi engineers and scientists in quantum computing capabilities.
The timing of the announcement underscores the deepening technological partnership between Saudi Arabia and France. Announced on August 24, 2026, during the Kingdom's State Visit to France, the deal demonstrates expanding bilateral cooperation on advanced technologies. As part of the diplomatic visit, Saudi Kingdom officials toured Pasqal's headquarters and quantum computer production facility in France, symbolizing the growing strategic importance assigned to quantum computing collaboration between the two nations.
Pasqal brings substantial resources and operational expertise to the venture. The company recently secured €340 million in funding to accelerate industrial deployment of quantum systems globally and expand commercial adoption across key industries. The company operates neutral-atom quantum computers with existing installations in France, Italy, Saudi Arabia, and Canada, and maintains partnerships with major technology leaders including IBM, NVIDIA, Google, and Microsoft, positioning it as a commercially viable technology provider capable of delivering enterprise-grade quantum solutions at scale.
The strategic partnership directly supports Saudi Arabia's Vision 2030 agenda, which prioritizes artificial intelligence and advanced computing capabilities as cornerstones of economic diversification. By establishing the joint venture, the parties aim to position Saudi Arabia as a regional quantum technology hub while simultaneously building local engineering and scientific talent. This approach ensures quantum computing expertise develops within the Kingdom rather than remaining dependent on foreign providers, strengthening domestic technological sovereignty and creating a knowledge base for future regional expansion.
The venture's governance structure reflects the strategic importance Saudi Arabia places on the initiative. HRH Prince Abdulaziz Bin Turki Bin Talal, founder of Eleven Ventures, has been appointed Chairman of the Board of Pasqal Arabia, providing direct high-level strategic leadership across the Kingdom and region. Additionally, the joint venture includes plans for training programs and joint research opportunities designed to develop Saudi engineers and scientists in quantum computing capabilities.
The timing of the announcement underscores the deepening technological partnership between Saudi Arabia and France. Announced on August 24, 2026, during the Kingdom's State Visit to France, the deal demonstrates expanding bilateral cooperation on advanced technologies. As part of the diplomatic visit, Saudi Kingdom officials toured Pasqal's headquarters and quantum computer production facility in France, symbolizing the growing strategic importance assigned to quantum computing collaboration between the two nations.
Pasqal brings substantial resources and operational expertise to the venture. The company recently secured €340 million in funding to accelerate industrial deployment of quantum systems globally and expand commercial adoption across key industries. The company operates neutral-atom quantum computers with existing installations in France, Italy, Saudi Arabia, and Canada, and maintains partnerships with major technology leaders including IBM, NVIDIA, Google, and Microsoft, positioning it as a commercially viable technology provider capable of delivering enterprise-grade quantum solutions at scale.
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