Genesys International Subsidiary Secures Contract in Saudi Arabia; Stock Witnesses Over 1% Surge

Genesys Middle East Ltd., a subsidiary of Genesys International Corporation, has clinched a significant contract for the 3D Digital Twin mapping of the Holy City of Mecca by the Kingdom of Saudi Arabia. The esteemed project is valued at ₹26 crore.

Sajid Malik, Chairman and Managing Director of Genesys International, expressed the company's commitment to the responsibility of creating the digital twin of the Holy Shrine of Mecca. He stated, "The digital twin of the Holy Shrine of Mecca is a great responsibility, and our team’s expertise and dedication aim to make it a great testament to our technology platform. We look forward to contributing significantly to Saudi Arabia’s growing infrastructure landscape and continuing to provide exceptional value to the government and our clients."

In addition to the Mecca project, Genesys International recently completed the 3D Indoor Mapping of 27 airports for the General Authority of Civil Aviation (GACA). This accomplishment highlights the company's proficiency in advanced mapping technologies and its contribution to critical infrastructure projects.

Simultaneously, in the Indian market, Genesys has introduced the new India Map stack, targeting advanced platforms in consumer, logistics, automotive, and infrastructure sectors. The company's strategic partnership with the Survey of India, Government of India, further strengthens its position in the geospatial and mapping domain.

Following these notable achievements, Genesys International's stock witnessed a surge of over 1%, reflecting positive investor sentiment in response to the company's successful bids and advancements in cutting-edge mapping technologies.

HBL