Pasqal and Eleven Ventures have agreed to establish a commercial joint venture to deploy and scale neutral-atom quantum computing systems across Saudi Arabia and the wider MENA region. The partnership targets multiple system deployments in the coming years.

The venture aligns with the Kingdom's Vision 2030 ambitions for artificial intelligence and advanced computing. It seeks to position Saudi Arabia as a regional hub for quantum technology.

Strategic Context

Eleven Ventures is a Saudi-based investment platform and venture capital firm. Pasqal operates as a global leader in neutral-atom quantum computing. The agreement covers deployment, commercialization, and scaling of Pasqal's systems within the Kingdom and the wider region.

No financial terms, equity stakes, or specific timeline details were disclosed in the announcement.

Governance and Regional Expansion

HRH Prince Abdulaziz Bin Turki Bin Talal, founder of Eleven Ventures, has been appointed Chairman of the Board of Pasqal Arabia. This leadership role is intended to provide strategic direction across the Kingdom and the region.

The joint venture intends to deploy and operate Pasqal's neutral-atom systems in the Kingdom. It also aims to bring Pasqal to market for customers across the wider region. A key component of the strategy is building local talent and expertise. The goal is to develop quantum capability within the Kingdom rather than accessing it from abroad.

Diplomatic Backdrop

The announcement coincides with the Kingdom of Saudi Arabia's State Visit to France on August 24, 2026. During the visit, Saudi officials visited Pasqal's headquarters and quantum computer production site in Paris. This underscores the deepening strategic partnership between the Kingdom and France in advanced technologies.

Market Outlook

Pasqal views quantum computing and AI as converging into the infrastructure of the next decade. The company believes the joint venture will give customers in the Kingdom and the region direct, commercial access to that infrastructure at scale. This addresses fast-growing regional demand for sovereign, high-performance computers.

Pasqal, through its Canadian subsidiary Aeponyx, has launched a Center of Competency for Photonic Integrated Circuit (PIC) Packaging at C2MI in Bromont, Quebec. The initiative aims to strengthen Canada’s domestic capabilities in advanced photonics and quantum technologies by focusing on the assembly and packaging of key components. Supported by the Canadian government, the project brings together Aeponyx, HOP Technologies, and Phantom Photonics to bridge the gap between research, prototyping, and low-volume manufacturing.

The project is backed by $4 million in combined federal and provincial support, including $3 million from Next Generation Manufacturing Canada (NGen) through its Advanced Manufacturing Technology Program. The total project budget is $7.9 million. The first phase will establish low-volume manufacturing capabilities intended to support thousands of devices, while the second phase aims to scale production to 500,000+ modules per year.

Central to the project is the installation of state-of-the-art packaging equipment at C2MI, specifically designed for PIC-based quantum computing applications. This equipment is made possible through Aeponyx's long-standing partnership with Aixemtec Gmbh, a German equipment manufacturer. The center will focus on advanced PIC packaging processes tailored for quantum technologies, with the objective of standardizing and making novel packaging capabilities available to the broader ecosystem.

The consortium combines complementary experience across Canada’s innovation landscape. HOP Technologies leverages photonic integration for physiological monitoring and wearable biosignals applications. Phantom Photonics adds expertise in next-generation LiDAR and optical sensing for autonomous systems and defense. This collaboration demonstrates that the packaging capabilities being developed at C2MI can serve a growing range of high-stakes applications.

For Pasqal, the project highlights the strategic importance of PIC technology to its long-term leadership in neutral-atom quantum computing. Aeponyx, acquired by Pasqal to bring PIC experience in-house, will help enable Pasqal to strengthen the precision, robustness, and scalability of the photonic layer underpinning its quantum hardware roadmap. The initiative is intended to position Canada as a global leader in next-generation quantum and sensing technologies.

Project Funding and Partners