STC has signed a SR32.64 billion contract with a Saudi government entity to develop, operate, and provide telecom infrastructure services over 15 years. The contract highlights STC’s commitment to advancing Saudi Arabia’s digital transformation through investments in 5G, fiber optics, data centers, and advanced technologies like cloud computing and IoT.
Intel’s Christoph Schell discussed Saudi Arabia’s progress in digital transformation at the WEF, emphasizing the country’s growing demand for custom technology solutions and the importance of AI with cultural relevance. The partnership with Aramco Digital and other tech advancements contribute to Saudi Arabia’s Vision 2030.
Elm and Riyadh Development Company have partnered to launch an Electronic Vehicle Auction Platform, enhancing digitalization in Saudi vehicle auctions. This collaboration aims to improve operational efficiency and expand service reach in line with Saudi Vision 2030.
Saudi Arabia is advancing its digital transformation by upskilling its youth in AI and STEM fields. Through strategic investments, such as a $40 billion AI fund and educational programs, the Kingdom is preparing its workforce to lead innovation and drive economic diversification.
