With a capital of 894 million Saudi Riyals
Riyadh, Saudi Arabia–(BUSINESS WIRE)–stc Group, the pioneering national digital enabler, announced the establishment of “Alibaba cloud” in Riyadh, Saudi Arabia, to provide high-capacity cloud services in partnership with the giant Chinese Technology, “Alibaba Group”, eWTP Arabia for Technical Innovation Ltd, the Saudi Society for Artificial Intelligence (SCAI) and the Saudi Society for Information Technology (SITE).
The establishment of the new company in the Saudi capital, Riyadh, came in response to increased demand for cloud computing services and solutions in the region. The company will provide advanced cloud computing services to businesses operating in Saudi Arabia, ensuring they meet the highest security and protection standards.
The capital of the new company will amount to 894 million Saudi Riyals. And the new company will benefit from stc Group’s distinguished position in the technology services and solutions industry. It will also employ the best talent and expertise to support the country’s local capabilities, enabling them to strengthen digital development and build an advanced ecosystem capable of meeting Saudi Arabia’s future needs. Alibaba, one of the world’s top cloud computing service and solution providers, will offer a wide range of cloud computing services and solutions. Indeed, this step will allow businesses and local institutions to digitize their activities, use the technologies of the fourth industrial revolution, raise labor standards and improve businesses.
In line with Saudi Arabia’s efforts to strengthen economic diversification and boost investment opportunities in the cloud computing sector, the new company will help provide quality jobs, transfer knowledge and expertise to the country and ensure a safe working environment for entrepreneurs in the region.
stc’s investment, together with Alibaba for cloud computing services, in cloud computing solutions in Riyadh reflects the company’s future vision and its important role in advancing digital transformation efforts in Saudi Arabia. It also reflects its commitment to forging strong partnerships with pioneering technology companies around the world, in line with the Kingdom’s 2030 vision. Indeed, it aims to attract foreign and international investment to the country, to create a secure environment for entrepreneurs and to strengthen information security by protecting the Kingdom’s internal data.
The establishment of the company specializing in cloud computing services and solutions in Saudi Arabia will help develop the country’s digital infrastructure and prepare it to provide the latest digital data storage services and solutions and ensure its protection and security. , which will strengthen its ability to provide cloud computing services to global enterprises.
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*Source: AETO Wire
Alaa Rajeh, Director – Public Relations and Communication
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