STC intends to support SMEs through increasing its purchases from them 15% comparing to last year. Emad Alaoudah, Procurement and Support Services Sector VP, explained that STC has not only supported these facilities, by signing an agreement to allocate a percentage of its purchases budget, but also to increase this percentage gradually.
On the margin of his participation in “BIBAN” forum`s third session titled (purchases of government and major bodies are the way of SMEs Growth) he added: STC worked during the past six years on initiatives that support small projects and SMEs. Noting the development of the suppliers system in the company, which is available through modern electronic platforms that provide opportunities for all to deal with the company in many areas with transparency. That serve the company and all sectors dealing with it and support economic cycle in the kingdom. This also, help accomplish the kingdoms vision that concentrates on private sector and its role in supporting and spreading businesses, which create job opportunities for Saudis.
Alaoudah stressed on STC`s keenness on supporting national projects through adopting business incubator (InspirU) which inspire youth. In this regard, STC adapted 21 projects of SMEs and enhanced localizing several products related to telecom sector such as: SIM cards and cables plants, which the company export them through national plants only.
Source: STC Press Release