BYJU’S, the world’s leading edtech company and the Qatar Investment Authority (QIA), the sovereign wealth fund of Qatar, have partnered to launch a new edtech business and state-of-the-art research and development centre in Doha.
The new entity in Doha will drive research and innovation to create cutting-edge learning solutions customised for students in the Middle East and North Africa (Mena) region.
Byju Raveendran, founder and chief executive of BYJU’S and Mansoor al-Mahmoud, chief executive of the QIA, signed an MoU in the presence of HE Sheikh Mohamed bin Abdulrahman al-Thani, Deputy Prime Minister and Foreign Minister of Qatar and chairman of the QIA, as well as representatives of BYJU’S.
As per the MoU, the QIA and BYJU’S will initially work together to set the stage for the Mena-focused online education business. Since 2019, the QIA has been a key investor in BYJU’S and has witnessed the company’s accelerated growth into India’s most valuable start-up and the world’s most valued company in the edtech sector.
The new entity, which will be a wholly-owned subsidiary of BYJU’S in Qatar, will introduce BYJU’S personalised and innovative learning offerings to the region. It will also set up a brand new research and development centre in Qatar to create customised learning content and products in the Arabic language.
“QIA is supporting Qatar’s national vision of economic diversification and building a knowledge-based economy. This agreement demonstrates QIA’s commitment to enabling innovations that can benefit the young people of our region,” said HE Sheikh Mohamed.
Highlighting that the QIA is proud to help enable the development of innovative education technology platforms in the Mena region to inspire children to learn; al-Mahmoud said "QIA has a strong focus on investing in leading innovators globally and we want to help drive the creation of new technologies that have a positive impact on society.”
Raveendran said the goal at BYJU’S has always been to empower students around the world with the powerful synergy of pedagogy and technology and create life-long learners.
"As we continue to witness accelerated growth in Indian and international markets, we are excited to partner with QIA in this next phase of expansion, development and building new innovations in learning in the Mena region. Together we hope to achieve stronger development outcomes. With a sustained focus on creating life-long value for our learners, this partnership with QIA is a significant step in realising our vision,” he said.
The new entity in Doha will drive research and innovation to create cutting-edge learning solutions customised for students in the Middle East and North Africa (Mena) region.
Byju Raveendran, founder and chief executive of BYJU’S and Mansoor al-Mahmoud, chief executive of the QIA, signed an MoU in the presence of HE Sheikh Mohamed bin Abdulrahman al-Thani, Deputy Prime Minister and Foreign Minister of Qatar and chairman of the QIA, as well as representatives of BYJU’S.
As per the MoU, the QIA and BYJU’S will initially work together to set the stage for the Mena-focused online education business. Since 2019, the QIA has been a key investor in BYJU’S and has witnessed the company’s accelerated growth into India’s most valuable start-up and the world’s most valued company in the edtech sector.
The new entity, which will be a wholly-owned subsidiary of BYJU’S in Qatar, will introduce BYJU’S personalised and innovative learning offerings to the region. It will also set up a brand new research and development centre in Qatar to create customised learning content and products in the Arabic language.
“QIA is supporting Qatar’s national vision of economic diversification and building a knowledge-based economy. This agreement demonstrates QIA’s commitment to enabling innovations that can benefit the young people of our region,” said HE Sheikh Mohamed.
Highlighting that the QIA is proud to help enable the development of innovative education technology platforms in the Mena region to inspire children to learn; al-Mahmoud said "QIA has a strong focus on investing in leading innovators globally and we want to help drive the creation of new technologies that have a positive impact on society.”
Raveendran said the goal at BYJU’S has always been to empower students around the world with the powerful synergy of pedagogy and technology and create life-long learners.
"As we continue to witness accelerated growth in Indian and international markets, we are excited to partner with QIA in this next phase of expansion, development and building new innovations in learning in the Mena region. Together we hope to achieve stronger development outcomes. With a sustained focus on creating life-long value for our learners, this partnership with QIA is a significant step in realising our vision,” he said.