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Aramco Signs Quantum Computer Agreement With Pasqal
The partnership will see Pasqal install and operate the 200-qubit device in Saudi Arabia, with a scheduled deployment in mid-2025.
Aramco, one of the world’s leading companies in the integrated energy and chemicals sector, has signed a deal with Pasqal, a global pioneer in neutral atom quantum computing, to install Saudi Arabia’s first quantum computer in the second half of 2025.
Ahmad Al-Khowaiter, Aramco EVP of Technology & Innovation, explained: “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. Our agreement with Pasqal allows us to harness the expertise of a leading player in this field as we continue to build state-of-the-art solutions into our business”.
The 200-qubit quantum computer will initially be set to a base-level analog mode. Within the following 12 months, the system will see upgrades (known as “analog-digital mode”), which will give it even greater computational power.
Pasqal and Aramco wish to leverage the quantum computer to establish a regional center for quantum research in the Kingdom of Saudi Arabia and to find new applications for the energy sector. The plans involve partnering with leading academic institutions to find breakthroughs in quantum algorithm development.
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Georges-Olivier Reymond, Pasqal CEO & Co-founder, stated: “The era of quantum computing is here. No longer confined to theory, it’s transitioning to real-world applications, empowering organizations to solve previously intractable problems at scale. Since launching Pasqal in 2019, we have directed our efforts towards concrete quantum computing algorithms immediately applicable to customer use cases. Through this agreement, we’ll be at the forefront of accelerating commercial adoption of this transformative technology in Saudi Arabia”.
The agreement forms part of Pasqal’s greater strategy and activity in Saudi Arabia after establishing an office in the Kingdom in 2023. During the same year, Aramco’s Wa’ed Ventures also participated in a Series B fundraising round for Pasqal.
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LUVED Is A New Curated Preloved Marketplace For The UAE
Sellers keep 100 percent of every sale and AI can build a listing in five seconds — though the app’s smartest tools are still coming.
Secondhand shopping has become mainstream in the UAE, but the experience is still scattered across resale sites, social media and informal group chats. LUVED, a mobile-first marketplace that launched in Dubai this month, is betting it can pull that activity into one place — and that the thing buyers and sellers actually want is not more inventory, but trust.
The app trades in what it calls circular luxury: preloved fashion and lifestyle pieces across men’s, women’s and children’s categories, bought, sold or given away peer to peer. Its main pitch is economics, with sellers keeping 100 percent of every sale under a zero-commission, fast payout model, while buyers are promised vetted pieces at lower prices.
Where LUVED is staking its reputation is verification. Sellers pass a KYC check, and items run through a two-layer authentication system powered by Entrupy that pairs instant AI screening with human expert review for high-value pieces. Authenticity certificates travel with each item, payments sit in escrow, and a buyer-protection package the company calls The Safety Net adds a 48-hour return window and dispute resolution. Door-to-door logistics removes the in-person meetups that make most resale deals awkward.
An in-app assistant called Luvbot — offering selling insights and demand-based recommendations — is soon to be introduced to the platform. Other features include autofill and dynamic pricing that lets users build a listing in as little as five seconds from three photos, plus a swipe-based feed, story-style drops and in-app chat in English and Arabic. Finally, a gifting layer, Luved & Gifted, lets users pass items to others inside the app rather than sell them.
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“After moving to Dubai, I saw how difficult it was to sell or even give things away,” says founder and CEO Shaima Sibtain. The friction is real, and so is the competition. In resale, trust is won transaction by transaction — and that is the test LUVED has set itself.
The app is live on the App Store now, with Google Play to follow. The company also plans to expand across the region, which will be the real test for a marketplace staking everything on trust.
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