Qatar Investment Authority (QIA) has announced its intention to merge the telecommunications businesses of Qatar National Broadband Network (QNBN) and Gulf Bridge International (GBI) to form a carrier-neutral digital and AI infrastructure leader. This integration aligns with Qatar’s Third National Development Strategy and aims to enhance the country’s digital infrastructure ecosystem while boosting its global position as a digital hub.
The collaboration will leverage QNBN’s extensive national passive fiber service, which boasts over 95% coverage, and GBI’s high-capacity, low-latency connectivity solutions spanning the Middle East, Europe, and Asia. Together, they will create a world-class connectivity platform for data traffic to and through Qatar, attracting global hyperscalers and AI innovators, and providing a seamless gateway for interconnectivity within the region.
This strategic combination aims to maximize opportunities in the international data traffic market, driving innovation and expanding the companies’ global presence to meet the increasing demand for cross-border data connectivity. It is expected to strengthen Qatar’s ICT sector by developing human capital in critical ICT domains and emerging digital industries, ultimately driving new investments and growth for all players in the telecommunications market.
H.E. Mansoor Ebrahim Al-Mahmoud, CEO of QIA, stated, “This decision reinforces QIA’s commitment to Qatar’s Third National Development Strategy. By expanding the digital infrastructure ecosystem, we will attract further foreign direct investment and serve as a catalyst for economic diversification. Our goal is to position Qatar as a leading digital hub both regionally and globally.”
H.E. Eng. Essa Bin Hilal Al-Kuwari, Chairman of QNBN and GBI, remarked, “Together, QNBN and GBI have a unique opportunity to accelerate the delivery of critical digital services in Qatar. With our complementary assets and operations, we will be well-positioned to capture the rapidly growing international connectivity opportunity and support our future growth ambitions. Our long-term vision is to create a digital infrastructure champion, unlocking new opportunities.”
The transaction is expected to close in Q4 2024, pending regulatory approvals and other statutory procedures. As the integration progresses, QNBN and GBI remain committed to ensuring a smooth transition for their clients, with a strong emphasis on service quality, customer satisfaction, and data security.
