Microsoft to invest more than $10bn across UAE, Saudi Arabia, Qatar and Kuwait

Invest Qatar, Aurion Capital, and LG NOVA have formed a strategic partnership to bolster technology investments and venture building in Qatar. The collaboration aims to scale regional investments, support the commercialization of emerging technologies, and strengthen Qatar's position as a hub for entrepreneurship and high-growth ventures. The agreement was announced during the Qatar Economic Forum, held in New York ahead of the 2026 UN General Assembly.

The partnership will establish a framework for collaboration on shared priorities, including innovation programs and scale-up support in high-growth sectors like AI, digital health, FinTech, digital infrastructure, sports, media, and entertainment. A new hub within the Qatar Science & Technology Park (QSTP) will serve as a regional platform for LG NOVA-affiliated technologies and ventures, fostering collaboration among innovators, investors, and industry partners.

Sheikh Ali bin Alwaleed Al-Thani, CEO of Invest Qatar, emphasized that the strategic collaboration highlights Qatar's value proposition, including its world-class R&D ecosystem, talent pipeline, and pro-business regulatory environment. Aurion Capital's Ali Diallo noted that the future of innovation lies in connecting global markets and ecosystems, and Qatar's strategic location and digital infrastructure make it an ideal gateway to the MENA region.

LG Electronics' Sokwoo Rhee highlighted the potential for new business and industry growth driven by AI, stating that the partnership will help build meaningful businesses and shape the future. The collaboration will involve planning and designing innovation-led programs in partnership with key national stakeholders, providing tailored facilitation and advisory support to Aurion Capital and LG NOVA-affiliated companies seeking to establish or expand operations in Qatar.

This alliance further solidifies Qatar's role as a regional hub for research, development, and innovation in advanced technologies, attracting private-sector investment in priority sectors under NDS3 and contributing to long-term economic diversification.