Educational technology (edtech) company BYJU’S has tied up with Qatar Investment Authority (QIA) to build new business in the Middle East and set up a R&D center in Qatar. BYJU’S said in a statement on Monday that the new company, formed in association with QIA, will offer learning solutions tailored to the needs of students from the Middle East and North Africa regions. Apart from this, a research and development center will also be opened in Doha, the capital of Qatar.
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For this, Baiju’s has signed a Memorandum of Understanding (MoU) with QIA to form its wholly owned subsidiary. Under this agreement, both the companies will work together to prepare online learning materials. According to Baijus, QIA has been one of its key investors since 2019. In more than 120 countries of the world, Baijus provides learning materials to students in an interesting way.
BYJU Raveendran, Founder and CEO, Byju’s said, “We are thrilled to partner with QIA to expand into the Middle East and North Africa region amid the continued growth in the Indian and international markets. Hopefully together we will be able to achieve good results. QIA CEO Mansour Al-Mahmoud said the partnership will help provide quality learning materials to students from West Asia and North Africa.