The business will introduce BYJU’S personalized and innovative learning offerings for students in the Middle East and North Africa region (MENA) and set up a research and development centre in Doha.
BYJU’S has signed a memorandum of understanding (MoU) with Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar to set up a new edtech business and state-of-the-art research and development centre in Doha.
This wholly-owned subsidiary of BYJU’S in Qatar will drive research and innovation to create cutting-edge learning solutions customized for students in the MENA region.
This partnership with the QIA comes on the heels of BYJU’S recent announcement as an official sponsor of the FIFA World Cup Qatar 2022.
The MoU was signed in the presence of His Excellency Sheikh Mohammad Bin Abdulrahman Al-Thani, Deputy Prime Minister and Foreign Minister of the State of Qatar and Chairman of QIA, who expressed his support for Qatar’s national vision of economic diversification and said, “This agreement demonstrates QIA’s commitment to enabling innovations that can benefit the young people of our region.”
According to the MoU, QIA and BYJU’S will initially work together to set the stage for the MENA region-focussed online education business. The new entity, which will be a wholly owned subsidiary of BYJU’S in Qatar, will introduce BYJU’S personalized and innovative learning offerings to the region. Additionally, it will also set up a brand-new research and development centre in Qatar to create customized learning content and products in Arabic.
Byju Raveendran, CEO and Founder of BYJU’S said, the driving force and core principle at BYJU’S has always been to empower students around the world with the powerful synergy of pedagogy and technology.
“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 sustained focus on creating life-long value for our learners, this partnership with QIA is a significant step in realizing our vision”, he added.
His Excellency Mansoor Al-Mahmoud, CEO of QIA said, “QIA is proud to help enable the development of innovative education technology platforms in the MENA region to inspire children to learn. 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.”
Since 2019, 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. With 150+ million learners and products across 120 countries, BYJU’S is the market leader in offering personalized learning programs for students across K-12, test prep and professional upskilling segments.
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