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STC Has Announced A Game-Changing Partnership With Alibaba Cloud

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It is official – Saudi Arabia is the ultimate tech hub of the region.

Saudi Telecom Company (STC) and venture capital fund eWTP Arabia have announced a MAJOR joint partnership with Alibaba Cloud that will be a game-changer

Alibaba Cloud is planning to invest up to $500 million over the next five years as part of the partnership. As part of the deal, a new office to be set up in Riyadh to provide services and training to local customers.

The investment will also provide a wide range of resources to help build sustainability and ensure localization. The partnership will also provide high-performance public cloud services in the Kingdom.

“This collaboration is a significant milestone for STC in our efforts to contribute to Saudi Arabia’s Vision 2030 by introducing a trusted cloud service partner,” say Abdullah Al-Swaha, the Minister of Communications and Information Technology.

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With international headquarters in Singapore, Alibaba Cloud provides cloud computing services to online businesses and is the digital technology backbone of the Chinese e-commerce conglomerate.

 

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