
Vancouver AI Startup UnlockLand Selected for Saudi Vision 2030 Housing Initiative
RIYADH, Saudi Arabia and VANCOUVER, BC, July 22, 2025 /CNW/ - Vancouver-based AI startup UnlockLand has been officially selected to join Saudi Arabia's flagship Vision 2030 Future Built Assets Program, marking a significant milestone for Canadian AI innovation on the global stage.
The company joins just ten international startups chosen by Saudi Arabia's National Technology Development Program (NTDP) and Real Estate General Authority (REGA) to collaborate directly with government ministries on transforming the Kingdom's real estate sector.
"This partnership demonstrates how Canadian AI can address global challenges while creating economic opportunities at home," said Stephen W a ng, CEO of UnlockLand. "As Canada faces its own housing crisis, we're proving our solutions can scale internationally."
The selection aligns with Canada's AI strategy under The Honourable Evan Solomon, the country's first Minister of Artificial Intelligence and Digital Innovation, who has emphasized "responsible AI diplomacy" that exports Canadian values alongside technology.
Tackling Universal Housing Challenges
UnlockLand's AI platform provides real-time zoning analysis and generative site design that can reduce housing project timelines from months to minutes. The technology addresses housing affordability challenges affecting cities worldwide.
"Housing affordability is a global crisis requiring innovative solutions," said Rodger Du, UnlockLand's Cofounder and CFO, who represented the company at this week's Riyadh launch ceremony. "Our platform demonstrates how Canadian technology can create international value while supporting domestic priorities."
In Saudi Arabia, UnlockLand will work with the Ministry of Housing and Real Estate Development Fund to pilot AI-driven permit automation, supporting the Kingdom's goal of delivering 1.5 million new homes by 2030.
Canadian AI Goes Global
The partnership represents broader trends in Canada's AI sector, which has attracted significant government investment including $2.4 billion announced in Budget 2024 to boost AI infrastructure and adoption. Canadian AI companies are emerging as global leaders in responsible artificial intelligence development.
UnlockLand continues supporting Canadian housing initiatives, working with municipal governments across BC and Ontario to streamline development approvals, contributing to efforts to significantly increase housing construction nationwide.
Investment and Recognition
UnlockLand has secured backing from prominent strategic investors, including Silicon Valley's Sinovel, Saudi Arabia's NTDP, and top European accelerator Startup Wise Guys. The company recently achieved dual recognition in 2025, being named both one of Canada's Top 100 AI Companies and a BC Tech AI GameChanger.
"We're not just exporting technology—we're demonstrating how Canadian values of transparency and sustainability can create value in global markets," said CEO Stephen.
The Saudi partnership positions UnlockLand to compete for additional Middle East contracts, potentially establishing Canada as a global hub for responsible AI-powered urban development solutions.
About UnlockLand Founded in Vancouver, UnlockLand is an award-winning PropTech AI company that empowers governments and developers to make faster, data-driven decisions for land development and urban planning. UnlockLand is a product brand owned and operated by Meton.ai Inc., a Canadian AI company specializing in real estate and urban development technology.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Toronto Sun
20 minutes ago
- Toronto Sun
70% of parents, grandparents chipping in for kids' education costs: Poll
Grandparents are being subjected to emotional blackmail by adult daughters. Photo by file photo / Getty Images Most parents and grandparents are filling the gap when it comes to financing education costs, says a study. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account With youth unemployment now at 14.2%, many young Canadians are facing what economists are calling a 'youth-cession' — a stalled labour market, slowing wage growth, and limited access to financial stability. The study — by Bloom Finance, done with Angus Reid — found 70% of Canadian parents and grandparents with school-aged children are now financially supporting their education. Bloom's 2025 Multigenerational Education Support Report also reported 57% of parents and 76% of grandparents say they have children or grandchildren in education programs. Other findings, include: — 54% of Canadians with children or grandchildren are providing up to $5,000 and 16% are contributing over $5,000. — Of those providing support, 46% say it's impacted other financial obligations, including 39% who say it's affected their retirement planning. — 28% expect to provide even more financial support this year, while 45% expect to contribute about the same as before. Conducted online July 29-31 with 1,510 adult Canadians, a probability sample of this size carries a margin of error of 2.53%, 19 times out of 20. Editorial Cartoons World Celebrity Wrestling Columnists

Cision Canada
an hour ago
- Cision Canada
ShaMaran Reports Second Quarter 2025 Results
VANCOUVER, BC, Aug. 6, 2025 /CNW/ - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSXV: SNM) (Nasdaq First North: SNM) today released its financial and operating results and related management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2025. View PDF View PDF Garrett Soden, President and CEO of ShaMaran, commented: "We remain focused on generating strong cash flow and accelerating debt repayment, as shown in the Q2 2025 results. Over the last year, we have reduced the Company's net debt 1 by almost 50%, providing a solid base for potential future shareholder distributions. We continue to work with industry partners and the host government towards a lasting commercial solution for the Iraq-Türkiye pipeline reopening." Corporate Highlights: On April 11, 2025, the Company announced bondholder approval of certain amendments to the terms of the Company's outstanding bond. The new amendments became effective on May 2, 2025, and included converting the mandatory cash sweep to voluntary and extending the maturity by two years to July 2029; On April 30, 2025, the Company repaid $29.4 million of the corporate bond (17% of the outstanding amount) at par pro rata to all bondholders. The total amount outstanding of the Company's corporate bond at June 30, 2025, was $143.8 million; In May 2025, the Company repaid $5.0 million (32% of the outstanding amount) of the related-party loan (as permitted under the recent amendments to the bond terms) in order to simplify the balance sheet and reduce financing costs. The total amount outstanding of the loan at June 30, 2025, was $10.6 million; and The closure of the Iraq-Türkiye pipeline since March 25, 2023, continues to have a material impact on ShaMaran's operations and financial results. The Company is actively engaging with the relevant parties to resume pipeline exports. Financial Highlights: 1 Net debt is a non-IFRS financial measure. Refer to "Non-IFRS Accounting Standards Measures" below for more information. 2 Free cash flow before debt service is a non-IFRS financial measure. Refer to "Non-IFRS Accounting Standards Measures" below for more information. 3 Adjusted EBITDAX is a non-IFRS financial measure. Refer to "Non-IFRS Accounting Standards Measures" below for more information. Revenue in Q2 2025 was $35.4 million (56% higher than the $22.6 million in Q2 2024) due to higher local oil sales and the increased working interest in the Atrush Block from August 7, 2024; Gross margin on oil sales in Q2 2025 was $12.8 million (73% higher than the $7.4 million in Q2 2024) due to increased production and local sales and the higher working interest in the Atrush Block; ShaMaran generated $27.9 million of free cash flow before debt service² in Q2 2025 (66% higher than the $16.8 million in Q1 2024); Adjusted EBITDAX³ in Q2 2025 was $24.9 million (59% higher than the $15.6 million in Q2 2024); At June 30, 2025, the Company had cash of $67.2 million and gross debt of $154.4 million (including the $143.8 million corporate bond and $10.6 million related-party loan). Net debt ¹ was $87.2 million; and At August 6, 2025, after payment of the quarterly interest on July 30, 2025, the Company has cash of $64.1 million and gross debt of $154.4 million (including the $143.8 million corporate bond and $10.6 million related-party loan). Net debt ¹ is $90.3 million. Operational Highlights: At Atrush, average gross daily oil production in Q2 2025 was 35.1 Mbopd; At Sarsang, average gross daily oil production in Q2 2025 was 28.7 Mbopd; Average gross daily oil production from Atrush and Sarsang in Q2 2025 on a combined basis was 63.8 Mbopd (16% higher than the 54.8 Mbopd in Q2 2024) due to increased production from Atrush; and Average Company net daily oil production from Atrush and Sarsang in Q2 2025 on a combined basis was 22.7 Mbopd (88% higher than the 12.1 Mbopd in Q2 2024) due to the higher working interest in the Atrush Block and increased production from Atrush. Subsequent Events: On July 15, 2025, the Company was notified by HKN Energy Ltd. ("HKN"), the operator of the Sarsang Block, that production had been shut-in following an explosion at one of the facilities due to a suspected drone strike. There were no injuries, but three storage tanks and related pipes were damaged. Although there were no incidents at the Atrush Block and no further drone strikes at Sarsang, production at both blocks was shut-in as a precaution following several similar incidents at other Kurdistan Region of Iraq fields; HKN resumed production at both blocks when it was deemed safe to do so after consultations with the Kurdistan Regional Government. The Atrush Block was not impacted, and production restarted at full capacity. The Sarsang Block restarted production at a reduced rate due to the damage sustained, and the current assessment is that approximately half of Sarsang's production capacity will remain offline until late October 2025; and The Company's Board of Directors has today authorized the repayment of the remaining balance of the Nemesia loan ($10.6 million plus accrued and unpaid interest). Subsequent to the repayment, gross debt will decrease to $143.8 million. Abbreviations: ShaMaran plans to publish its financial statements for the three and nine months ending September 30, 2025, on November 5, 2025. Except as otherwise indicated, all currency amounts indicated as "$" in this news release are expressed in United States dollars. Non-IFRS Accounting Standards Measures This news release contains certain financial measures, as described below, which do not have standardized meanings prescribed by IFRS Accounting Standards or generally accepted accounting principles (GAAP). As these non-IFRS financial measures are commonly used in the oil and gas industry, the Company believes that their inclusion is useful to investors. The reader is cautioned that these amounts may not be directly comparable to measures for other companies where similar terminology is used. The non-IFRS financial measures used in this news release are used by the Company as key measures of financial performance and are not intended to represent operating profits nor should they be viewed as an alternative to cash provided by operating activities, net income or other measures of financial performance calculated in accordance with IFRS Accounting Standards. The following tables set out how the non-IFRS Accounting Standards measures are calculated from figures shown in the unaudited condensed interim consolidated financial statements for the three and six months ended June 30, 2025, together with the accompanying notes (the "Financial Statements"): EBITDAX and Adjusted EBITDAX EBITDAX is calculated as the net result before financial items, taxes, depletion of oil and gas properties, impairment costs, the gains on acquisitions, depreciation and exploration expenses and adjusted for non-recurring profit/loss on sale of assets and other income. The Company uses EBITDAX primarily as a measure of profitability and cash generation. Adjusted EBITDAX adds back non-cash, share-based payments and non-recurring, transaction-related expenses. A quantitative reconciliation to revenues, the most directly comparable IFRS Accounting Standards measure, is provided below. Free cash flow before debt service Free cash flow before debt service is a non-IFRS financial measure calculated as the sum of cash flows from operating and investment activities. The Company uses free cash flow before debt service primarily as a measure of cash generation. A quantitative reconciliation to net cash inflows from operating activities, the most directly comparable IFRS Accounting Standards measure, is provided below. Net debt Net debt is a non-IFRS financial measure calculated as total debt less cash and cash equivalents. The Company uses net debt primarily as a measure of leverage. A quantitative reconciliation to total debt, the most directly comparable IFRS Accounting Standards measure, is provided below. All figures in the net debt calculation are based on their nominal value at the balance sheet date. See Notes 15, 16 and 20 in the Financial Statements. About ShaMaran Petroleum Corp. ShaMaran is a Canadian independent oil and gas company focused on the Kurdistan region of Iraq. The Company indirectly holds a 50% working interest in the Atrush Block and an 18% working interest in the Sarsang Block. The Company is listed in Toronto on the TSX Venture Exchange and in Stockholm on Nasdaq First North Growth Market (ticker "SNM"). ShaMaran is part of the Lundin Group of Companies. Important Information ShaMaran is obliged to make this information public pursuant to the EU Market Abuse Regulation. This information was submitted for publication through the agency of the contact person set out below on August 6, 2025, at 5:30 p.m. Eastern Time. The Company's certified advisor on Nasdaq First North Growth Market is FNCA Sweden AB. Forward-Looking Statements Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or the Company's future performance, business prospects and opportunities, which are based on assumptions of management. The use of any of the words "will", "expected", "planned" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of certain future events. Certain information set forth in this news release contains forward-looking statements. These forward-looking statements involve risks and uncertainties relating to, among other things, changes in oil prices, results of exploration and development activities, including results, timing and costs of seismic, drilling and development related activity in the Company's area of operations, uninsured risks, regulatory changes, defects in title, availability of funds required to participate in the development activities, availability of financing on reasonable terms, availability of materials and equipment on satisfactory terms, outcome of commercial negotiations with government and other regulatory authorities, timeliness of government or other regulatory approvals, actual performance of facilities, availability of third party service providers, equipment and processes relative to specifications and expectations and unanticipated environmental impacts on operations. The risks outlined above should not be construed as exhaustive. Additional information on these and other factors that could affect the Company's operations and financial results are included in the Company's annual information form for the year ended December 31, 2024, the MD&A and other reports on file with the Canadian Securities Regulatory Authorities that can be accessed on the Company's profile on SEDAR+ at Actual future results may differ materially. The Company cautions readers regarding the reliance placed by them on forward‐looking information as by its nature, it is based on current expectations regarding future events that involve a number of assumptions, inherent risks and uncertainties, which could cause actual results to differ materially from those anticipated by the Company. The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information.

National Post
an hour ago
- National Post
Quartz Imaging Launches PCI-AM Version 9 Featuring Groundbreaking Template Matching for Automated Semiconductor Metrology
Article content VANCOUVER, British Columbia — Quartz Imaging Corporation, a global leader in microscopy and metrology software, is proud to announce the release of PCI-AM Version 9, the latest and most advanced edition of its powerful automated measurement solution. Building on a long history of innovation, this release introduces a game-changing capability: AI-driven template matching, setting a new benchmark for automation in microscope-based semiconductor metrology. Article content Reimagining Metrology Through Intelligent Template Matching Article content At the heart of PCI-AM Version 9 is its new template matching engine, which allows users to design templates using an intuitive graphical editor and to specify what measurements are desired. Once designed, the software uses machine learning to automatically identify, align, and measure all instances of the template feature within individual and batched microscope images—no manual intervention required. This dramatically reduces measurement time, improves repeatability, and ensures consistency among users. Article content PCI-AM Version 9 is engineered to meet the demanding requirements of today's semiconductor industry, where achieving nanometer-scale measurement accuracy is critical to process control and device validation. As semiconductor architectures evolve—featuring increasingly intricate, multi-layered, and non-uniform geometries —traditional measurement techniques struggle to keep pace. PCI-AM rises to the challenge with intelligent template matching that accommodates complex patterns and subtle structural variations, enabling reliable, automated measurements across even the most advanced node designs. Article content 'This is one of the most important software releases in our company's history. The new template matching technology in PCI-AM Version 9 isn't just a feature—it's a fundamental advancement for semiconductor metrology,' said Andrew Brown, President of Quartz Imaging Corporation. 'As device geometries become more complex and tolerances tighter than ever, labs need tools that are not only accurate but intelligent. PCI-AM V9 delivers exactly that— powerful automation that enables our customers to stay ahead in a rapidly evolving industry.' Article content More Than Just a Feature — A New Era of Automation Article content PCI-AM Version 9 is built on Quartz Imaging's robust PCI platform, delivering a full suite of image capture, annotation, processing, and reporting tools—now seamlessly integrated with next-generation automation. Article content Looking Ahead: Innovation Beyond the Lab Article content Quartz Imaging's commitment to innovation doesn't end with this release. The introduction of template matching in PCI-AM Version 9 signals a broader shift toward intelligent automation in metrology—one that empowers scientists and engineers to do more with less effort, in less time. Whether it's supporting next-generation chip design or accelerating breakthroughs in materials development, Quartz's solutions are engineered to scale with your ambitions. Article content Article content Article content Article content Article content Article content