(Gulf Times) – The Investment Promotion Agency Qatar (IPA Qatar) has signed an agreement with New York Stock Exchange-listed Palantir Technologies, a world renowned American software company specialising in big data analytics.
With its extensive experience spanning the energy, pharmaceuticals, aerospace, automobiles and financial services sectors, Palantir Technologies will utilise its data-driven decision-making platforms and best practices to accelerate Qatar’s big-data transformation.
The agreement was signed by IPA Qatar’s chief executive Sheikh Ali Alwaleed al-Thani and the general manager of Palantir Technologies Qatar Josh McLaughlin at a special ceremony, where both parties agreed to collaborate openly and constructively in order to set their joint vision into motion.
This comes as part of IPA Qatar’s continuing support of the country’s economic transformation and development of its competitive investment landscape.
Palantir Technologies will support Qatar’s digital transformation across sectors and seek to expand its market presence and activities in Qatar.
“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,” said Sheikh Ali.
The agreement highlights Palantir Technologies’ commitment to a deep and enduring partnership with Qatar. During a recent virtual event co-hosted by IPA Qatar, the software company shared its successful investment journey in Qatar and outlined its vision for continued growth in the market.
“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,” according to Shyam Sankar, Palantir Technologies’ executive vice president and chief operating officer.
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, he said.