In a significant step towards advancing the region’s digital landscape, stc Group and Ooredoo Group have signed a memorandum of understanding (MoU) to establish a strategic collaboration that seeks to enhance the ICT ecosystem and expand digital services and connectivity across the broader MENA region.
Leading MENA’s digital transformation
By combining the strengths of both companies, this collaboration will meet the growing global demand and support the region’s rapidly evolving digital landscape.
“In continuation of the stc Group journey in elevating the ICT digital ecosystem, we are proud to announce this strategic regional collaboration, spotlighting our commitment to elevate and expand such journey across the MENA region,” said stc Group chief carrier and wholesale officer Mohamed Alabbadi.
For his part, Ooredoo Group chief business services officer Najib Khan commented: “We are excited to join forces with stc Group on this visionary strategic collaboration. Together, we are committed to leading the way in driving innovation and accelerating digital transformation, laying a strong foundation for sustained economic growth, and fostering regional development.”
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Growing regional demand propels advancement
stc and Ooredoo have significantly advanced their capabilities in recent years to keep up with the evolving and growing ICT sector in the region and globally.
As part of its digital transformation journey, Ooredoo recently announced a multi-year partnership with Oracle to transform its database infrastructure and expedite its digital transformation. This collaboration will not only transform service delivery but also position Ooredoo Qatar as a leader in telecommunications innovation.
Meanwhile, stc has made remarkable advancements in areas such as AI, cybersecurity, and sustainable technologies. The group has also expanded its operations in the fintech sector, launching STC Bank. The group’s expansion into the sports sector and major developments across Saudi Arabia have advanced the country’s communications and information technology sector.
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