Saudi’s stc Group announces launch of Alibaba Cloud in Riyadh

In collaboration with Alibaba Group, eWTP Arabia for Technical Innovation Ltd., the Saudi Company for Artificial Intelligence (SCAI), and the Saudi Information Technology Company, stc Group has announced the launch of Alibaba cloud in Riyadh.

The new firm was founded in Riyadh in response to a major surge in demand in the region for cloud computing services and solutions. The company will offer modern cloud computing services to Saudi Arabian businesses, guaranteeing that they meet the highest security and protection standards.

The new company will have a capital of SAR894m and will employ the best talent and expertise to support the kingdom’s local capabilities, enable it to improve digital development, and build an advanced ecosystem capable of meeting the kingdom’s future needs.

Meanwhile, Alibaba will offer a wide range of cloud computing services and solutions, a step that will enable local companies and institutions to digitise their businesses, employ the technologies of the fourth industrial revolution, raise work standards and enhance businesses.

In line with the kingdom’s efforts to enhance economic diversification and stimulate investment opportunities in the cloud computing sector, the new company will also contribute to providing quality jobs, transferring knowledge and expertise to the kingdom, and ensuring a safe work environment for entrepreneurs in the region.

The establishment of a cloud computing services and solutions company in Saudi Arabia will help to develop the kingdom’s digital infrastructure and prepare it to provide the most up-to-date digital data storage services and solutions while also ensuring their protection and security, enhancing the kingdom’s ability to provide cloud computing services to international companies.

Read: How technology will inevitably play an important role in Saudi Arabia