Lucidya Secures SAR 5 Million Grant from Saudi Arabia's National Technology Development Program - Middle East Business News and Information
The NTDP, an initiative owned by Saudi Arabia's Ministry of Communications and Information Technology (MCIT), is designed to empower high-potential technology companies and fast-track Saudi Arabia's Vision 2030 goals. The SAR 5 million grant will enable Lucidya to scale operations, enhance its product offerings, and expand into new markets beyond the Kingdom.
The grant announcement comes as MCIT launches the second phase of its Source Tech initiative. This program aims to advance Saudi Arabia's digital economy by further localizing application development, outsourcing, and communication services, positioning the Kingdom as a global hub for digital innovation.
Ziyad Binsulaiman, Business Development Director at Lucidya, commented on the grant sharing, 'Lucidya is positioned to accelerate its growth trajectory and contribute to Saudi Arabia's vision of becoming a global leader in technology and innovation by transforming how organizations manage customer experiences. We are honored to receive this grant, which will help us expand Lucidya's innovative solutions across new markets and elevate the region's CX standards.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily News Egypt
13 hours ago
- Daily News Egypt
Petroleum Minister, IPIC chief discuss expanding local industry, investment in Egypt
Minister of Petroleum and Mineral Resources Karim Badawi met with Abdulkarim Abdullah Al-Mutawa, Chairperson of the International Pipe Industry Company (IPIC), to discuss strengthening local industrial capabilities and expanding investment in Egypt's petroleum sector. During the meeting, the two sides reviewed IPIC's activities, with particular focus on the company's factory in Port Said—established through joint Egyptian-Kuwaiti investments—as a successful model of industrial localization. The facility produces high-quality steel pipes and elbows used in oil and gas projects, infrastructure, transportation, and irrigation systems. Minister Badawi emphasized that promoting local industry is a national priority, given its critical role in reducing Egypt's import bill and increasing reliance on domestically manufactured components. He noted that the Ministry fully supports projects that contribute to industry localization, attract foreign and regional investment, and boost added value in the petroleum sector. 'The investment environment in Egypt is undergoing major positive transformations,' Badawi said, 'with significant incentives to encourage participation in energy, petroleum, and gas industries—particularly from Arab partners.' He added that the government is focused on offering promising investment opportunities while supporting the shift to renewable energy, including maximizing the use of natural gas in local manufacturing to generate greater economic returns. For his part, Al-Mutawa praised Egypt's investment climate and highlighted the strength of its engineering and technical workforce. He noted that IPIC's Port Said facility is fully operated by Egyptian professionals and benefits from the country's robust infrastructure, government support, and political stability—all essential ingredients for investment success. He also expressed appreciation for the ongoing support from the Ministry and Egyptian stakeholders, especially Petrojet, which played a key role in the project. The meeting concluded with both parties agreeing to explore further expansion opportunities in line with Egypt's strategy to enhance local manufacturing and reduce dependency on imports. The Kuwaiti delegation affirmed its interest in increasing investment in Egypt, citing the country's favorable conditions for long-term industrial growth.
CairoScene
a day ago
- CairoScene
1,300 Trainees Graduate From National Artificial Intelligence Program
Through its AI Ambassadors program, 1,300 participants have been trained in AI fundamentals, data analysis, ethics, and real-world tech applications, bringing total certified grads to 2,610. Jul 25, 2025 The National Telecommunication Institute (NTI), affiliated with the Ministry of Communications and Information Technology, has announced the graduation of 1,300 participants from the third cohort of the Artificial Intelligence Ambassadors Program. The initiative is conducted in collaboration with the Engineers for Sustainable Egypt Foundation. A graduation ceremony was held at NTI's headquarters in the New Administrative Capital to mark the milestone. The program is designed to equip Egyptians with practical and responsible applications of AI technologies in various sectors, including education, public service, and private enterprise. Participants received 36 hours of interactive training that included workshops, lectures, and hands-on exercises. This was followed by a month-long applied project that allowed them to translate theoretical knowledge into real-world use cases. The curriculum focused on AI fundamentals, data analysis, ethical frameworks, emerging technologies, and implementation strategies within the workplace. Graduates who completed the full program received official certification. With this latest cohort, the total number of certified AI Ambassadors in Egypt now stands at 2,610.
Daily News Egypt
2 days ago
- Daily News Egypt
Culture minister launches national plan to revive film industry, modernise cinematic assets
Minister of Culture Ahmed Fouad Henno has announced the launch of a comprehensive national plan to revive the Egyptian film industry. The plan focuses on developing state-owned cinematic assets into modern production hubs equipped with the latest technologies, while also preserving and digitally restoring Egypt's rich cinematic heritage to present it to new generations in high-quality formats that reflect its historical and artistic value. The Minister affirmed that this initiative comes in response to directives from the political leadership to invest in idle cultural assets and enhance their contribution to the creative economy. It also aims to provide a professional production environment that will help restore Egypt's leading position in cinema. Henno explained that the strategy rests on three main pillars: upgrading the infrastructure of studios and cinemas, reactivating idle assets to maximise their cultural and economic value, and establishing a professional national production entity to offer integrated services for creators and investors. As part of this effort, the Holding Company for Cinematic Productions, together with its subsidiary the Cinematic Asset Management Company, has set out an ambitious plan to modernise Cinema City, Studio Nahhas, and Studio Ahram. These facilities will be outfitted with advanced post-production technologies, including editing systems, colour grading, sound mixing, digital archiving, and upgraded fire safety and air conditioning systems. The plan also covers the renovation of sound stages and cinemas such as Miami, Diana, and Normandy. The company has already reopened several previously closed cinemas and has launched renovation work on Miami and Normandy cinemas for the first time in over 25 years. It has also settled disputes with distribution companies and upgraded audio-visual systems. Additionally, the Holding Company is working to establish a national production company to provide professional services in filming, editing, sound mixing, and colour grading. The aim is to support film and television production in Egypt and deliver competitive production models across the Arab world and the wider region. In parallel with modernisation efforts, the Holding Company—working alongside the Heritage Restoration Center for Audio-Visual Media at Media Production City—has digitally remastered several Egyptian cinema classics in high-quality 4K resolution. These titles include The Second Wife, The Sin, The Quail and Autumn, Sunset and Sunrise, The Man Who Lost His Shadow, Umm Hashim's Lamp, The Road, Cairo 30, A Taste of Fear, My Wife and the Dog, Between the Two Palaces, Palace of Desire, My Wife Is a General Manager, The Beggar, The Impossible, People and the Nile, A Crime in the Quiet District, and The Mirage. Ezz El-Din Ghoneim, CEO of the Holding Company, explained that this restoration initiative will help showcase these cinematic treasures on digital platforms and at international festivals, reinforcing Egypt's cultural leadership and its status as a prominent soft power in the region and beyond. Ghoneim added that the company has launched an official website to manage cinematic assets, alongside a dedicated YouTube channel to stream state-owned films. It has also signed a contract with a content protection company to prevent piracy and maximise digital revenues. Looking ahead, the next phase will involve equipping the Cinema City film lab with state-of-the-art restoration equipment, in collaboration with the Egyptian Armed Forces Engineering Authority and under the management of the Cinematic Asset Management Company. Given the scale of the project, restoration work will be split between the Heritage Restoration Center at Media Production City and the company's own lab to ensure efficiency and timely delivery. Furthermore, the Holding Company is considering organising a dedicated festival for restored films, featuring public screenings of rare works in their newly digitised formats at specially equipped theatres, complemented by discussions and seminars with critics, writers, and artists connected to these films. The goal is to create an interactive cultural experience that deepens public appreciation for these classics and highlights their enduring place in Egyptian cinematic history.
