stc Group recently entered into several new agreements with local partners at the Private Sector Forum organized by the Public Investment Fund (PIF) in Riyadh. According to the Saudi Press Agency (SPA), the agreements aim at contributing to the growth of the local economy. Chairman of the Board of Directors of stc Group, Prince Mohammad Bin Khalid Al Abdullah Al-Faisal, was present during the signing of these agreements.
Represented by its Rawafed program, stc Group actively participated in a workshop at the Forum that focused on improving the localization of procurement and supply chains.
Read more: stc Group achieves record-breaking revenues of SAR54.61 bn
The Private Sector Forum is an annual event that brings together policymakers, influential local private-sector figures, visionaries, and industry leaders. Its objective is to foster discussions and promote opportunities for economic growth within the private sector of the Kingdom.
CEO Olayan Al-Wetaid expressed his appreciation for stc’s participation in the event, stating, “We welcome the opportunity to participate once again at the PIF Private Sector Forum – a brilliant space to reaffirm our commitment to driving forward the Kingdom’s economic agenda. At stc Group, we are dedicated to providing world-class connectivity, driving digital transformation, and empowering sustainable growth.”
Al-Wetaid further highlighted that the signed agreements demonstrate stc Group’s dedication to collaborating with various local partners, fostering innovation, and contributing to the enrichment of local content, all in alignment with the objectives outlined in Vision 2030.
Notable agreements
The agreements encompass a wide range of strategic objectives for stc Group, covering areas such as sustainability and digital transformation. They include:
- A contract with Al Jazea Contracting & Trading Company for the establishment of a grey water treatment plant. The purpose of this agreement is to reduce water consumption and achieve broader sustainability goals.
- Additionally, stc Group signed an agreement with Master Works to enhance the customer experience by expanding its capabilities to monitor new key performance indicators.
- Another agreement was made with Gazal, a portfolio company of PIF, to provide eco-friendly mobility solutions at stc Group’s headquarters. Furthermore, an agreement was reached with Simah to develop a system for integrating and validating partner data, thereby enhancing the onboarding process through an initiative called “Partner Hub Enhancement.”
- During the Forum, stc Group also signed contracts with Middle Sea for Telecommunication Establishment, Prime Gate Company, and Awnas Contracting Company. These agreements aim to modernize infrastructure and advance sustainability efforts, with a particular focus on the offloading of stc OSP (outside plant) infrastructure.
For more news on telecom, click here.
