The new entity is an entirely owned subsidiary of Byju’s Qatar-based subsidiary, Byju’s Qatar, and will offer Byju’s unique and personalized educational offerings to the region.
Byju’s The Bengaluru-based giant of ed-tech and QI, an sovereign wealth trust of Qatar State of Qatar, have collaborated to establish a new business in tech and a state-of-the-art research and development facility in Doha. The new company located in Doha will lead research and development to develop innovative learning tools specifically tailored to students across the MENA (the Middle East and North Africa) region.
By the MOU (memorandum of agreement), QI and Byju will first work together to establish the foundation for the online MENA-focused learning business. The new company will be a wholly-owned subsidiary of Byju’s in Qatar and introduce Byju’s personalized and innovative education products in the region. In addition, it will establish a brand-new Research and Development Center in Qatar that will create customized products and learning materials that can be used in Arabic. Arabic language.
Byju Raveendran, the founder, and chief executive officer at Byju’s, as well as Mansoor Al-Mahmoud, the CEO of QI, have agreed to sign an MOU with Sheikh Mohammed Bin Abdulrahman Al-Thani, the Deputy Prime Secretary and Minister for Foreign Affairs of Qatar, the State of Qatar and Chairman of QI and representatives from Byju’s and the Qatari Embassy in Doha during 2024’s Doha Forum held on March 26 and 27.
“QIA is supporting Qatar’s national vision of economic diversification and building a knowledge-based economy,” stated sheik Mohammed Bin Abdulrahman Al-Thani, the Deputy Prime Minister and Foreign Minister in the State of Qatar and the Chairman of QI. “This agreement demonstrates QIA’s commitment to enabling innovations that can benefit our region’s young people.”
Mansoor Al-Mahmoud, the CEO of QI, stated that QI was proud to develop innovative educational technology platforms across the MENA region that will inspire children to be educated. “QIA has a strong focus on investing in leading innovators globally. We want to help drive the creation of new technologies that have a positive impact on society,” said Mansoor Al-Mahmoud.
Byju Raveendran, founder and Chief Executive Officer of Byju’s, stated that the mission of Byju’s was always to provide students across the globe with a powerful combination of technology and pedagogy and create lifelong 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 innovations in learning in the MENA region,” said Raveendran. “Together we will strive to deliver better outcomes for development. We will continue to focus on providing value to lifelong for our students, this collaboration with QIA is a major move towards achieving our goal.”
Since the beginning of 2019, QI has been a significant investor in Byju’s and has witnessed the rapid growth of the company into the most profitable start-up in India and the world’s highest-valued company in the edtech industry. With more than 150 million students and products that span more than 120 nations, the company has become the leader in providing customized learning programs for students from grades K-12 and test prep, and professional upskilling.
Byju was announced recently as the official sponsor of the FIFA World Cup Qatar 2024. With this collaboration, Byju will leverage its rights to the FIFA World Cup 2024 marks and assets, emblems, and marks and will run exclusive campaigns to reach out to avid football fans from around the globe. The company will also produce creative and engaging content in a broad activation strategy that includes educational content.
