STC inks Sabya infrastructure deal
Riyadh, November 30, 2011
Saudi Telecom Company (STC) has signed a 20-year strategic agreement with SAMD Company to develop the telecommunications infrastructure for over 1,200 service units in Sabya industrial city in Jizan.
The facility includes a series of showrooms, workshops and other logistical service facilities built on an area of 2.2 million sq m.
STC will provide telecommunications and smart and integrated IT solutions to meet the requirements of the city and cope with its quest for growth and leadership, said a senior official.
'This agreement is a culmination of STC’s efforts in executing telecoms infrastructure projects in key service sectors across the Kingdom especially in developmental projects and facilities in the Southern region mainly in Jizan,' remarked Jameel Abdullah Al Molhem, CEO of Saudi operations.
'Due to the south’s high potential for development, STC will deploy all its energy to build a smart infrastructure that will include all kinds of integrated networking,' he added.
Recognizing the value and importance in the development of the national economy, STC places a high emphasis on the sector and has implemented various infrastructure development plans for the industrial cities across the Kingdom based on its lead strategy.-TradeArabia News Service