QIA ties up with BYJU’S to launch new edtech business, R&D centre in Doha

QIA ties up with BYJU’S to launch new edtech business, R&D centre in Doha

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