– Progressio Solutions and Real AI B.V. have formed a joint venture, aiming to double AI-related revenues in the MENA region within 3 years, creating 500 highly skilled professionals, alongside robust AI implementation capabilities to be outbound to the European market.
– The collaboration, announced at the Invest EU Egypt Conference, will merge Real AI’s advanced AI Expertise and European reach, with Progressio’s wide scale R&D Capabilities and regional presence, accelerating AI innovation and adoption in key markets such as Egypt, UAE, Saudi Arabia, Iraq and the rest of the GCC area.
– Progressio will be spearheading the establishment of a Cairo-based AI research center, developing custom AI solutions for energy, education, health care and government sector, and launching AI products tailored for the MENA market, particularly in Arabic language processing.
The Dutch AI company Real AI B.V. has announced its joint venture with Cairo-based Progressio Solutions, an R&D and consulting firm.
The collaboration came on the sidelines of the Invest EU Egypt Conference in Cairo, presided over by European Commission President Ursula von der Leyen and President Abdel Fattah el-Sisi.
This alliance aims to double AI-related revenues in the MENA region within 3 years, creating 500 highly skilled professionals, alongside robust AI implementation capabilities to be outbound to the European market.
Real AI B.V and Progressio Solutions are set to transform the AI landscape in the Middle East and North Africa (MENA). This strategic partnership will merge Real AI’s advanced AI Expertise and European reach, with Progressio’s wide scale R&D Capabilities and regional presence, accelerating AI innovation and adoption in key markets such as Egypt, UAE, Saudi Arabia, Iraq and the rest of the GCC area.
“Together, Real AI B.V. and Progressio Solutions will advance the Egyptian AI ecosystem and the broader MENA market,” said Tarry Singh, CEO of Real AI B.V.
Yoeil Ahraf, CEO of Progressio Solutions also adds that “By leveraging our joint strengths, we are poised to deliver groundbreaking R&D in AR/VR, Robotics, Embedded systems, Software development, and especially in the rapidly evolving field of Generative AI.”
The collaboration will also focus on secure, localized AI solutions for institutional and commercial clients. Real AI’s recent development of Europe’s leading open-source, human-centric large language model (LLM) will support this initiative, ensuring AI technologies meet MENA’s needs and regulations.
Yoeil Ashraf, CEO of Progressio Solutions, stated, “Combining Progressio’s advanced R&D labs and technologies with Real AI’s advanced platforms will unlock significant value for our clients and partners. This partnership will expand the AI R&D capacity in Egypt, driven by Egyptians, enhancing our outbound services beyond the middle east and further into the European market.”
Key objectives of the partnership include: Spear heading the establishment of a Cairo-based AI research center to foster local talent; Developing custom AI solutions for energy, education, health care and government sectors; Launching AI products tailored for the MENA market, focusing on Arabic language processing, and offering comprehensive AI consulting and implementation services across the region.
“Our vision is to position MENA as a global AI hub,” added Singh. “By combining our secure, ethical AI technologies with Progressio’s local R&D Prowess, we are not just serving the market – we are shaping the future of AI in this dynamic region.”
This partnership signifies a major step forward in introducing advanced, responsible AI technologies to Egypt and the MENA region, driving innovation, capacity, economic growth, and technological advancement across multiple sectors.
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