Paris, June 18th, 2026 -- Signed this Thursday during Vision Golfe – the Franco-Gulf economic forum organized by Business France under the high patronage of the French President, at the Ministry for the Economy, Finance and Industrial and Digital Sovereignty – this partnership marks Mekdam’s entry into quantum computing and strengthens Quandela’s presence in Qatar and strategic Middle Eastern markets.

Quandela, a European leader in photonic quantum computing, and Mekdam Holding Group (QSE: MKDM), a Qatari technology group listed on the Qatar Stock Exchange, signed a Memorandum of Understanding (MoU) this Thursday at the French Ministry for the Economy, Finance and Industrial and Digital Sovereignty, as part of Vision Golfe. The agreement aims to explore and deploy quantum computing solutions for Gulf markets, positioning both partners among the first organizations to introduce this technology to the region.

This partnership is fully aligned with Qatar National Vision 2030 and the major national strategies for digital sovereignty and artificial intelligence being implemented across Gulf countries.

Complementary Expertise for a Strategic Market

Mekdam Holding Group, the first publicly listed technology group in Qatar, has demonstrated sustained growth, with revenues reaching QAR 681.1 million (approximately €161 million), an increase of more than 20% in 2025, and an order backlog of QAR 3.1 billion (€734 million). Active in artificial intelligence, cloud computing, cybersecurity, IoT, data infrastructure and smart systems, the Group has identified quantum computing as a strategic pillar of its development in emerging technologies.

Quandela brings world-class expertise in photonic quantum computing, fault-tolerant quantum computing (FTQC), and quantum machine learning (QML).

Together, the two partners intend to identify and develop high-value use cases for the region’s priority sectors: energy, government, critical infrastructure, healthcare, and education.

Toward a Regional Quantum Ecosystem

Beyond immediate applications, the partnership aims to build a sustainable ecosystem through cloud access to Quandela’s photonic quantum computers, local skills development, training and certification programs, and the creation of a Quandela–Mekdam Quantum Center of Excellence serving countries of the Gulf Cooperation Council (GCC).

This ambition aligns with various government-led initiatives across the region, including Qatar National Vision 2030, Saudi Vision 2030, and the UAE National Quantum Strategy.

“Based in Doha and a leading technology player in the Middle East, Mekdam enables us to accelerate our development in a dynamic, innovative, and strategically important region for the future of quantum computing. It is a strong asset in supporting Quandela’s global ambitions,” saysXavier Pereira, Chief Growth Officer at Quandela.

“This partnership marks Mekdam’s entry into quantum computing and reflects our ambition to become a leading player in the field across the region. Together with Quandela, we aim to deliver high-value use cases for the Gulf’s strategic sectors and build a strong local skills ecosystem, fully aligned with Qatar National Vision 2030,” saysBara’ Sami, General Group Manager of Mekdam Holding Group.