Palantir Technologies to bring big data expertise to support Qatar’s economic transformation
22 October 2020
Continuing its support of the country’s economic transformation and development of its competitive investment landscape, the Investment Promotion Agency Qatar (“IPA Qatar”) has signed an agreement with Palantir Technologies (NYSE: PLTR) – the world renowned American software company specializing in big data analytics.
With its extensive experience spanning the energy, pharmaceuticals, aerospace, automobiles and financial services sectors, Palantir Technologies will utilize its data-driven decision-making platforms and best practices to accelerate Qatar’s big-data transformation.
The agreement was signed by IPA Qatar’s CEO Sheikh Ali Alwaleed Al-Thani and the General Manager of Palantir Technologies Qatar Mr. Josh McLaughlin at a special ceremony, where both parties agreed to collaborate openly and constructively in order to set their joint vision into motion. Palantir Technologies will support Qatar’s digital transformation across sectors and seek to expand its market presence and activities in Qatar.
Palantir Technologies’ Executive Vice President and Chief Operating Officer, Shyam Sankar, said: “We are delighted to further our collaborative relationship with Qatar through the signing of this agreement. Palantir Technologies builds the world’s leading software platforms for data-driven operations and decision-making. We are excited to utilize our world class platforms to drive digital transformation across Qatar, and address the unique infrastructure and logistical challenges set out in the Qatar National Vision 2030. With the FIFA World Cup in 2022 and a potential Summer Olympics bid fast approaching, Palantir’s technologies can help accelerate emerging capability initiatives across the public and private sector.”
Commenting on the partnership, IPA Qatar CEO Sheikh Ali Alwaleed Al-Thani said: “Digital transformation has been a cornerstone in Qatar’s economic development agenda and national vision. With its track record in big-data innovations and Silicon Valley expertise, Palantir Technologies’ contributions can be of significant value when developing transformative strategies for the Qatari economy. We believe that our collaboration will bring progress to our joint vision for the digital sector in Qatar.”
The agreement highlights Palantir Technologies’ commitment to a deep and enduring partnership with the State of Qatar. During a recent virtual event cohosted by IPA Qatar, the software company shared its successful investment journey in Qatar and outlined its vision for continued growth in the market.