Page 13 - UNIFONIC PR REPORT - DECEMBER 2023

12/27/23, 2:10 PM Unifonic selected in first cohort of National Technology Development Program’s Bridge initiative
our relentless efforts to provide an affordable enterprise-grade multilingual omnichannel
communications platform across the Middle East. We extend our gratitude to our team, clients, partners,
and the government for their unwavering support, which has bolstered our position as a global market
leader in the SaaS sector.”

ADVERTISING

The National Technology Development Program plays a crucial role in advancing the technology
ecosystem in Saudi Arabia. Through various interventions and support mechanisms, it enhances
effectiveness and fosters sustainable growth, aligning with the initiatives of other stakeholders.

Additionally, the program empowers key enablers in the technology market, who strive to position the
country as a preferred regional hub for innovation and industry investment.

Under the program, Bridge Initiative participants, including Unifonic, can leverage various benefits to
enhance their regional and global presence. One of the key benefits for national companies in the IT and

emerging technologies sector is the extensive support to increase local market share and global
exports. Similarly, the program encourages the local private sector to embrace IT solutions, initiatives,
applications, and services. It also helps attract both local and global companies that support innovation
and research centers that are key for the IT sector. Furthermore, NTDP contributes to the localization of

the IT sector, particularly by increasing local content in the field of emerging technologies.

Unifonic’s selection in the initiative marks a significant step in its long-standing commitment to support its
client base in the Middle East region. Since its inception in 2006, the company consistently developed its
product line and offers an affordable enterprise-grade multilingual and omnichannel communications

platform across the region. Furthermore, Unifonic achieved a groundbreaking milestone by securing
over USD 21 million in the largest-ever Series A financing for a Saudi startup in 2018. The subsequent
Series B round saw an impressive increase, with the startup raising a remarkable USD 125 million.

https://www.zawya.com/en/press-release/companies-news/unifonic-selected-in-first-cohort-of-national-technology-development-programs-bridge-initia… 2/3