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Aramco Signs Agreement with Pasqal to Deploy 1st Quantum Computer in Saudi Arabia

As per the agreement, Pasqal will install, maintain, and operate a 200-qubit quantum computer, which is scheduled for deployment in the second half of 2025. SPA
As per the agreement, Pasqal will install, maintain, and operate a 200-qubit quantum computer, which is scheduled for deployment in the second half of 2025. SPA
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Aramco Signs Agreement with Pasqal to Deploy 1st Quantum Computer in Saudi Arabia

As per the agreement, Pasqal will install, maintain, and operate a 200-qubit quantum computer, which is scheduled for deployment in the second half of 2025. SPA
As per the agreement, Pasqal will install, maintain, and operate a 200-qubit quantum computer, which is scheduled for deployment in the second half of 2025. SPA

Saudi Aramco announced on Monday that it has signed an agreement with Pasqal, a global leader in neutral atom quantum computing, to install the first quantum computer in the Kingdom.
As per the agreement, Pasqal will install, maintain, and operate a 200-qubit quantum computer, which is scheduled for deployment in the second half of 2025.
According to the statement, the quantum computer will initially use the "analog mode" approach. Within the following year, the system will be upgraded to the more advanced hybrid "analog-digital mode", which is more powerful and able to solve even more complex problems.

"Aramco is delighted to partner with Pasqal to bring cutting-edge, high-performance quantum computing capabilities to the Kingdom. In a rapidly evolving digital landscape, we believe it is crucial to seize opportunities presented by new, impactful technologies and we aim to pioneer the use of quantum computing in the energy sector,” said Aramco Executive Vice President of Technology and Innovation Ahmad Al-Khowaiter.

Pasqal CEO and Co-founder Georges-Olivier Reymond said that the era of quantum computing is no longer "confined to theory, it is transitioning to real-world applications, empowering organizations to solve previously intractable problems at scale.”

Through this agreement, he added, the commercial adoption of this transformative technology in Saudi Arabia will be accelerated.

According to the statement, Pasqal and Aramco intend to leverage the quantum computer to identify new use cases, and have the ambitious vision of establishing a powerhouse for quantum research in the Kingdom. This would involve leading academic institutions with the aim of fostering breakthroughs in quantum algorithm development — a crucial step for unlocking the true potential of quantum computing.

The agreement also increases Pasqal's activity in Saudi Arabia; it established an office in the Kingdom in 2023, and in 2022, Aramco and Pasqal signed an MoU to collaborate on quantum computing capabilities and applications in the energy sector. In 2023, Aramco's Wa'ed Ventures also participated in Pasqal's Series B fundraising round, said the statement.

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Local Content in Saudi Government Projects Rises to 47% by Q3

Al-Falih said that local content policies are integral to the state’s strategy. (SPA)
Al-Falih said that local content policies are integral to the state’s strategy. (SPA)
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Local Content in Saudi Government Projects Rises to 47% by Q3

Al-Falih said that local content policies are integral to the state’s strategy. (SPA)
Al-Falih said that local content policies are integral to the state’s strategy. (SPA)

The proportion of local content in Saudi government projects has grown significantly, rising from 33% in 2020 to approximately 47% by the end of the third quarter of this year. This progress was announced by Minister of Industry and Mineral Resources Bandar Al-Khorayef during a ministerial session titled, Future Trends in Light of Vision 2030, at the second edition of the Local Content Forum 2024.

Tourism Minister Ahmed Al-Khateeb emphasized that tourism is a cornerstone of Vision 2030, stating: “We aim to localize investment spending with the support of national institutions.”

He also outlined plans to increase the tourism sector’s contribution to the national economy from 3% in 2019 to 10%.

Al-Khateeb underscored the collaborative efforts underway with the private sector to develop the tourism industry.

For his part, Investment Minister Khalid Al-Falih highlighted that local content policies have been integral to the state’s strategy since its founding. He stressed that enhancing the competitiveness of local companies plays a vital role in advancing localization efforts.

Minister of Municipal and Rural Affairs and Housing Majed Al-Hogail stated that increasing local content is part of a long-term plan, noting that 70% of home construction technologies are now manufactured locally.

In turn, Economy and Planning Minister Faisal Al-Ibrahim explained that boosting local content helps drive economic growth. He emphasized that import substitution presents a valuable opportunity to support domestic products and balance trade.