Mobily has successfully landed the Africa-1 subsea cable in Duba, enhancing Saudi Arabia’s role as a global data exchange hub. The 10,000-km cable connects several countries and will support 5G, AI, IoT, and cloud services. It will be fully operational by early 2026, offering high-speed data capabilities.
Salam has partnered with CDNetworks to enhance internet service quality in Saudi Arabia, providing low-latency, high-quality internet solutions. The collaboration targets the growing demand for digital services in gaming and video streaming markets, aiming to position Saudi Arabia as a hub for digital content consumption and creation.
stc Group has become the largest telecom operator in MENA with a market capitalization of $57.7 billion. The company’s growth was driven by a 7.9% rise in mobile subscribers and a 2% increase in net profit. Additionally, stc launched Saudi Arabia’s first licensed digital financial institution, STC Bank.
Akurateco has partnered with DineroPay to advance mobile payments in Saudi Arabia, launching Apple Pay and Google Pay tailored to the local market. The collaboration focuses on secure, scalable solutions with network tokenization and full compliance with Saudi regulations, positioning both companies at the forefront of digital financial innovation in MENA.
Akurateco and DineroPay have partnered to advance mobile payments in Saudi Arabia. By implementing Apple Pay, Google Pay, and network tokenization technology, the collaboration aims to enhance security and scalability in mobile transactions, aligning with regulatory requirements and supporting the region’s transition toward digital-first financial solutions.
Salam has been recognized as the fastest growing telecom brand in Saudi Arabia for 2024 at the 5th Annual Business Tabloid Awards. The company’s strategic initiatives, including fiber optic network sales and global cybersecurity partnerships, underscore its role in driving Saudi Arabia’s digital transformation aligned with Vision 2030.
Iran and Saudi Arabia are strengthening ICT cooperation, focusing on regional data transit, cybersecurity, e-government, and infrastructure development. The countries aim to boost mutual collaboration through joint projects in AI, messaging platforms, and optical fiber, while leveraging their private sectors for ICT advancements, contributing to economic and technological growth.
stc has signed an SR32.64 billion ($8.71 billion) contract to build and operate telecom infrastructure in Saudi Arabia. The deal spans 18 months for preparation and execution, followed by 15 years of operational management. This move aligns with Saudi Arabia’s Vision 2030 goals and supports the country’s growing telecom sector.
Aster DM Healthcare is expanding its presence in Saudi Arabia, with plans to open 186 pharmacies over the next five years. The company has allocated $250 million for its expansion and will launch its myAster app for faster delivery of prescription and wellness products, enhancing its digital presence in the region.
Riyadh, Saudi Arabia – 24 January 2025 – Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions,…
