NTT Data to launch AI Factory Lab in Riyadh this month

NOHA.GAD

Sep 2, 2026

During LEAP 2026, the global AI leader NTT Data announced its plans to launch its AI Factory Lab in Riyadh in September

Riyadh - Sharikat Mubasher: NTT Data, the global AI and technology services leader, announced during LEAP 2026 its plans to launch the NTT DATA AI Factory Lab in Riyadh this month.

The new lab is designed to help organizations accelerate AI adoption, leveraging NTT Data’s full-stack AI solutions and services expertise, as well as technologies from leading ecosystem partners, including Cisco and NVIDIA, the company revealed in a statement today.

The AI Factory Lab will support executive briefings, AI strategy workshops, and hands-on experiences that help organizations identify high-impact AI use cases, validate business outcomes, and accelerate adoption on a secure, integrated foundation spanning infrastructure, platforms, and services.

It will also feature interactive demonstrations of real-world AI use cases across employee productivity, customer experience, intelligent operations, cybersecurity, networking, software development, and industry-specific business processes.

Hani Nofal, executive head of infrastructure solutions in the Middle East and Africa at NTT DATA, said: "While interest in AI continues to grow, many organizations are looking for a practical path from experimentation to business outcomes. The AI Factory Lab brings together the expertise, technologies and ecosystem partnerships needed to help clients identify the right use cases, deploy AI securely and scale with confidence."

NTT Data’s AI Factory Lab will enable organizations to explore how agentic AI can automate workflows, improve decision-making, enhance experiences, and unlock greater value from enterprise data.

Launching the lab is part of NTT Data’s global AI strategy to help organizations adopt and scale AI responsibly, securely, and effectively through consulting, infrastructure, technology services, and industry-focused solutions.

The milestone reflects the company’s commitment to supporting organizations across the MEA region in transforming AI potential into practical, secure, and scalable business outcomes.

LEAP2026 takes place from 31 August to 3 September under the theme “Into New Worlds,” bringing together thousands of companies, startups, investors, and technology experts. It is expected to attract more than 1,000 global speakers and experts, 1,800 technology companies, 600 startups, and 1,900 investors and venture capital representatives.

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Riyadh - Sharikat Mubasher: Fina, the B2B embedded finance business of SILQ, launched Fina Fund, a direct financing fund managed by Joa Capital, during Money20/20 Middle East.With a target fund size of SAR 500 million, the new fund is licensed by the Saudi Central Bank (SAMA) to provide corporate finance solutions to the wider B2B ecosystem in Saudi Arabia, the company stated in a press release yesterday.The launch of the Fina Fund was part of Fina’s efforts to offer businesses simpler, more efficient ways to access liquidity by bringing liquidity into everyday business workflows, closer to where businesses operate and transact, reducing the cost to serve and making access to capital more efficient and scalable.Mohammed Aldossary, SILQ’s co-founder and CEO of Financial Services, said the new fund gives Fina the capacity to serve more businesses, unlock more growth opportunities, and contribute to a healthier, more productive economy.For his part, Yousef AlYousefi, Joa Capital’s CEO and Managing Partner, commented: “SILQ has built a robust platform for SMEs in the Kingdom that can help predict and qualify businesses for corporate financing for day-to-day operations or scale. Our financing capabilities will support SILQ’s mission to support their network through a scalable, compliant, and well-governed financing vehicle, supporting the sustainability of their merchants and long-term growth of the economy.”The Fina Fund provides diverse capabilities and learnings to the wider Saudi B2B economy through corporate finance solutions across procurement, supplier payments, receivables and other business workflows, subject to the Fund’s eligibility criteria and applicable terms.Money20/20 Middle East 2026 takes place in the Saudi capital from 14 to 16 September, connecting global financial leaders with the companies, institutions, and policymakers shaping the next phase of financial services in Saudi Arabia and across the region.It brings together over 600 investors, more than 350 brands, over 350 speakers, and more than 150 startups, reinforcing Riyadh’s growing role as a meeting point for the global and regional financial ecosystem.

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