Pasqal and Eleven Ventures Establish Commercial Joint Venture to Scale Quantum and AI Computing Across Saudi Arabia and the Broader MENA Region

PARIS, Aug. 24, 2026 (GLOBE NEWSWIRE) -- 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.

The joint venture intends to deploy and operate Pasqal's neutral-atom systems in the Kingdom and bring Pasqal to market for customers across the Kingdom and the wider region. It is also expected to build local talent and expertise, so that quantum capability is developed within the Kingdom rather than accessed from abroad. The appointment of HRH Prince Abdulaziz Bin Turki Bin Talal, the founder of Eleven Ventures, as Chairman of the Board of Pasqal Arabia will provide strategic leadership across the Kingdom and the region.

The announcement comes as the Kingdom and France deepen their strategic partnership in advanced technologies, coinciding with the Kingdom of Saudi Arabia’s State Visit to France on August 24th. As part of the visit, the Kingdom’s officials visited Pasqal’s headquarters and quantum computer production site, underscoring the growing strategic importance of quantum computing cooperation between the two countries.