Saudi-based artificial intelligence (AI) pioneer nybl has announced a strategic partnership with Qatar Development Bank (QDB) under the Startup Qatar Investment Program, underscoring the region’s commitment to fostering homegrown talent and driving AI-powered growth in Qatar.

The agreement was signed by Noor Alnahhas, CEO of nybl, and Mohammed Abdulsalam Al Emady, Acting Executive Director of Investment and Incubation at QDB. The partnership was highlighted through a joint announcement on social media, showcasing the collaboration’s potential to shape the future of AI across critical industries.

Out of over 2,000 applications, nybl was selected as one of only nine startups for this prestigious initiative. The company’s advanced AI solutions, designed to tackle real-world challenges in sectors such as energy, healthcare, and agriculture, positioned it as a standout candidate.

Startup Qatar Investment Program

The Startup Qatar Investment Program, powered by QDB, is an ambitious effort to attract tech startups to establish or expand their operations in Qatar. The program provides seed and growth-stage funding, along with a suite of incentives and support services, aiming to position Qatar as a hub for technology innovation in the region.

nybl’s Vision and Mission

Based in Saudi Arabia and the UAE, nybl is a deep-tech development company dedicated to exporting technology and innovation globally. Its AI technologies focus on delivering real-time failure prediction, prescription, prevention, and optimization, enabling industries to increase efficiency and reduce costs. nybl’s AI applications address pressing challenges in energy, healthcare, sustainability, and more.

The company’s vision is to democratize AI, enabling individuals and organizations to unlock their full potential through innovative tools and platforms. nybl leverages its cutting-edge machine learning (ML) framework and AI platform to transform raw data into actionable intelligence, driving impactful solutions for some of humanity’s most critical challenges.

Strategic Impact

Through its collaboration with QDB, nybl is set to play a pivotal role in advancing Qatar’s AI landscape, reinforcing the importance of regional partnerships in fostering innovation and sustainable development.

This partnership underscores the region’s focus on nurturing talent, leveraging technology for transformative change, and solidifying its position as a leader in AI-driven solutions.