Saudi Telecom Company (stc) has secured a SAR 3 billion contract with the Syrian Sovereign Fund to develop a major telecommunications infrastructure initiative known as the Silklink project, aimed at strengthening Syria’s regional and international connectivity.
The project will focus on building more than 4,500 kilometers of fiber-optic infrastructure alongside the development of data centers and international submarine cable landing stations. The initiative is expected to improve internet quality, enhance digital infrastructure efficiency, and enable telecom operators to deliver advanced communication services, including cloud-based applications, digital platforms, and Internet of Things (IoT) solutions.
Silklink forms part of stc’s broader strategy to expand cross-border digital infrastructure investments and establish a regional connectivity ecosystem linking Arab, Asian, and European markets. Under the agreement, stc will hold a 75% stake in the project, while the Syrian Sovereign Fund will retain the remaining 25%.
The contract award follows a competitive bidding process involving several regional telecom operators and reflects growing regional momentum toward infrastructure-led digital transformation and connectivity expansion.
