Qatar Bank funds tech industry localization
The article focused on Qatar Development Bank's investment in Multiverse Computing, a company specializing in sustainable, high-efficiency artificial intelligence. The investment, amounting to 500 million euros and including the establishment of an regional headquarters in Doha, aims to promote the localization of high-tech industries in Qatar and support the local innovation ecosystem. This initiative is part of the "Start from Qatar" program, which seeks to attract and expand technology companies. Since its launch in 2024, the bank has invested in more than 40 companies through this program, with a goal of reaching one billion riyals in investments by 2030. The initiative emphasizes attracting global expertise, significantly growing technological projects, and enhancing Qatar’s position as a hub for innovation in the region.
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