Quantum-powered sensors to take the spotlight in aerospace sector: Thales Group Chairman & CEO

Patrice Caine, CEO of Thales Group, talking to Arab News. AN
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Updated 29 October 2024
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Quantum-powered sensors to take the spotlight in aerospace sector: Thales Group Chairman & CEO

RIYADH: Quantum-powered sensors and systems are set to overtake artificial intelligence and play a significant role in the aerospace sector, according to the chairman and CEO of Thales Group.

In an interview with Arab News during the eighth edition of the Future Investment Initiative in Riyadh, Patrice Caine – who also serves as chairman of the global aerospace systems company – highlighted that the quantum revolution is in close reach. 

He emphasized that the “second quantum revolution” will likely grow in prominence over the coming years, eventually matching or surpassing artificial intelligence’s influence. 

“It’s already in play. People talk more and more about it,” he said. “But it’s not, we say, as famous as AI, but it will become, certainly in the future.” 

He clarified that Thales is focusing on quantum sensors and communication rather than the more widely recognized field of quantum computing. 

Caine underlined that these areas have the potential to deliver significant advancements, particularly in enhancing the efficiency of sensors and decision-making systems within aerospace. 

Thales aims to leverage these quantum advancements to develop next-generation solutions, redefining operational capabilities in aerospace security and beyond. 

Caine added that this type of technology will likely be applied on an industrial scale in the next decade.

“We are not far from it. In fact, we have already proof of concept. We can already see these types of applications in our labs. Now, the journey is to industrialize these early prototypes,” he added, emphasizing the importance of finding market demand along with creating the technology. 

Caine emphasized that, unlike incremental improvements, quantum technology could drastically increase system efficiency.

“It’s, I would say, another way to apply quantum properties to sensors to enhance the efficiency of these sensors by 100 times more, which is huge. It’s revolutionary,” he said. 

Caine said that AI is “the technology of the moment,” and the company currently has almost 600 experts working on algorithms, processes, tools, and methodologies related to the technology. 

He further emphasized that the company utilizes symbolic AI, also known as model-based AI, for its clients, unlike the data-based technology used by the majority of the public. 

He further explained the implications of the technology on an industrial scale, saying: “In the short term, it (AI) will make our solutions, products, systems more and more premium.” 

Caine added: “So, potentially there is an advantage and an economic or financial advantage to bring products powered by AI. That’s clearly the first consequence.” 

The CEO believes that getting to grips with AI will become essential for competitiveness. 

“Longer term, it may become a must, either you master AI or not. And if you are not mastering it, you will progressively lose ground versus competition,” he said. 

Thales Group is a global technology leader specializing in advanced solutions for aerospace, defense, security, and digital identity. The company designs and manufactures systems for critical sectors, including air traffic management, avionics, cybersecurity, and AI. 


Global investors commit more than $3bn to King Salman Park as Saudi giga-project secures new deals

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Global investors commit more than $3bn to King Salman Park as Saudi giga-project secures new deals

RIYADH: The King Salman Park Foundation has secured more than $3.8 billion in new private-sector commitments at the MIPIM 2026 real estate conference, including a landmark $3 billion fund backed by international investors to develop a major mixed-use district in the heart of Riyadh.

According to a press release, the announcements bring total committed investment in the 17.2 sq. kilometers urban regeneration project to over $5.3 billion across five major packages.

Launched in 2019 under Saudi Vision 2030, the development is designed to be the world’s largest city park and aims to boost green space, improve quality of life, and feature over 1 million trees and extensive leisure facilities.

A $3 billion metro-connected district

The largest of the two packages, designated Package 5, will see a consortium led by Kolaghassi Development Co. deliver a residential-led district with a total built-up area exceeding 1 million sq. meters. 

It will provide approximately 3,700 residential units, a K–12 school, around 300 hospitality keys and more than 100,000 sq m of Grade A office space alongside a wide variety of retail and dining offerings.

The development is supported by a Saudi-domiciled, Capital Market Authority-regulated fund managed by Mulkia Investment Co. that has attracted leading investors from the Kingdom and across the world.

Kolaghassi Development Co. will lead the project alongside Al Othaim Investment, one of the Kingdom’s real estate players, and RXR, a New York-headquartered real estate investor and operator.

“Securing investment of this scale, supported by international capital and expertise, is an important milestone for King Salman Park,” said George Tanasijevich, CEO of King Salman Park Foundation. 

$850 million cultural district package

In a separate announcement, the Foundation confirmed the award of Package 4 to a consortium led by Retal Urban Development Co., with support from a fund managed by SAB Invest.

The project has a total value exceeding $850 million and will host more than 600 residential units, over 140 hotel keys, and almost 50,000 sq m of Grade A office space, alongside curated retail and food and beverage experiences.

“This opportunity reflects the maturity of Saudi Arabia’s real estate investment landscape and our confidence in culture-led, mixed-use urban destinations as a driver of sustainable returns,” said Abdullah Al-Braikan, CEO and founder of Retal Urban Development Co.

Ali Al-Mansour, CEO of SAB Invest, said the fund structure brings together “long-term capital, experienced development partners, and a shared commitment to place-making excellence” while contributing to Riyadh’s cultural vibrancy and the Kingdom’s quality-of-life ambitions under Vision 2030.