Page 25 - SAMENA Trends - April-May 2021

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

economy, society, and the environment. initiative the importance of aligning roles success story to be told. The company's
This was reflected in the launch of its DARE and responsibilities between the private strategy has also included a framework
strategy for growth in new non-traditional and public sectors". The CEO noted the in line with the sustainable development
paths, including digital payments, digital important role of the communications areas and goals in accordance with the
media, cybersecurity, AI-based solutions, and information technology sector in United Nations Sustainable Development
the Internet of Things, and G5. For his digitization to achieve the Saudi vision and Goals, especially through the fair practice
part, the CEO of stc Group, Eng. Olayan M. its positive impact on the Saudi economy. of business, enhancement of economic
Alwetaid, thanked His Royal Highness the He pointed out the role of this sector impacts, enrichment of life and experiences,
Crown Prince for his initiative of launching in keeping pace with the future. This is expansion of access to technology and
the Shareek Program, noting that this best evidenced by stcpay's success as communication, promotion of innovative
program along with other recent initiatives the first fintech unicorn in Saudi Arabia digital opportunities, as well as caring
launched by His Highness confirm his and the region. In addition, stc supported for the environment, empowerment of
belief in the private sector and its pivotal entrepreneurship projects through the human resources, especially women, and
role in the growth of the Saudi economy, inspireU incubator, which has produced promotion of gender equality of opportunity.
"as we felt through our participation in this dozens of projects referred to today as a true

stc is Among the Top 44 Digital Companies in the World and the Most
Powerful Telecommunications Company in the Middle East For 2021:
Forbes

stc has topped the list of the best field of communications and information develop a reliable and advanced digital
telecommunications companies in the technology, by working to develop its network and infrastructure that represent
region according to the ranking by the infrastructure and follow technological the backbone of various sectors and
global magazine Forbes. In fact, stc ranked developments. stc reinforced its lead in industries, in parallel with the company's
first as the strongest telecommunications diffusing the Fifth Generation (5G) network strategy that is in line with the Kingdom's
company in the Middle East and North around the Kingdom as part of its plan Vision 2030. stc continues working on
Africa with a market value for the current to enhance reliable mobile coverage and making the Kingdom of Saudi Arabia
year amounting to USD 64.3 billion, an diffuse the largest advanced 5G network in a leading regional center for digital
increase of 37.7 percent. stc is among the Middle East. stc will continue to lead services through innovative projects and
the top 44 digital companies in the world. the market in the next stage in the field of global partnerships. It is also working
Forbes announced its annual Global 2,000 new and advanced technology, including on enabling the digital transformation of
list of the world’s 2,000 most powerful achieving a significant expansion in the 5G both the public and private sectors and
companies, as it relied on 4 main criteria: network, which contributed to the Kingdom strengthening the cloud infrastructure
revenue, profit, asset size, and market ranking fourth in the world in diffusing the for the local digital economy in the fields
value. stc sustained its technology 5G network according to the classification of digital payments, Artificial Intelligence
strategy as a major enabler of digital of the International Telecommunication (AI), the Internet of Things (IoT), and
transformation in Saudi Arabia, allowing Union. stc is also working on enhancing cloud computing. stc is crowned as
it to pursue its pioneering journey in the customer experience and continues to the strongest telecommunications
company in the region as a result of the
Kingdom’s qualitative shift in the field
of communications and information
technology, as the Kingdom ranked fifth
in the world, out of 140 countries, in
the Mobile Speedtest Global Index, and
advanced 7 ranks for the current year 2021
compared to its performance for the past
year 2020. The Kingdom has also made
remarkable progress over the past years
in the e-government development index.

25 APRIL-MAY 2021