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Iberdrola has officially launched East-West Digital, a new company focused on developing and bringing to market advanced AI-driven digital solutions for sustainability. The new venture builds on technologies and innovations created by Iberdrola Innovation Middle East, the companys global digital innovation hub based at Qatar Science and Technology Park since 2016. The announcement was made during a press conference at the 2025 Qatar Economic Forum, Powered by Bloomberg, attended by senior dignitaries, business leaders, and media representatives. Special guests included H.E. Dr. Alvaro Renedo Zalba, Ambassador of Spain to Qatar; Sheikh Ali Alwaleed Al-Thani, CEO of Invest Qatar; Pedro Azagra, CEO of Avangrid; and Santiago Banales, Managing Director of Iberdrola Innovation Middle East and CEO of East-West Digital. Sheikh Ali Alwaleed Al-Thani, CEO of Invest Qatar, said: wThe launch of East-West Digital marks a significant milestone in our ongoing efforts to foster innovation and sustainability in Qatar. This initiative is a testament to our ongoing collaboration with Iberdrola Innovation Middle East that began in May 2022. By leveraging cutting-edge AI technologies, East-West Digital will not only enhance our digital landscape but also contribute to global sustainability goals. This venture underscores our commitment to supporting projects that drive economic growth and technological advancement, reinforcing Qatars position as a hub for innovation and excellence. Mr. Pedro Azagra, CEO of Avangrid, said: Iberdrolas launch of East-West Digital at the 2025 Qatar Economic Forum, Powered by Bloomberg demonstrates our strong dedication to advancing the electrification of the global economy. This innovative initiative will leverage Al-powered solutions to develop smarter and more efficient grids, reduce external energy dependency, and boost competitiveness. By supporting local industries and generating employment opportunities, we aim to achieve not only technological progress but also economic stability and growth. Mr. Santiago Banales, Managing Director of Iberdrola Innovation Middle East and CEO of East-West Digital, added: East-West Digital is the natural progression of the work we began with Iberdrola Innovation Middle East. Our AI-based solutions are already enabling the electrification of the global energy system. East-West Digital will bring to market a portfolio of AI-driven digital solutions for business and government clients, working closely with integrators and strategic partners to scale technologies that support global sustainability goals. In doing so, we aim to align with broader efforts to support the growth of a knowledge-based economy and attract top talent, in line with the goals of Qatar National Vision 2030. |
