Page 16 - SAMENA Trends - Jan-Mar 2024

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

By Using AI, Solutions by stc and US-Based nile Announce a Strategic
Joint Venture to Elevate Network Solutions in Saudi Arabia

stc Group has announced by its subsidiary will provide secure and comprehensive the digital infrastructure landscape across
solutions by stc, the pioneer in information enterprise network solutions (NaaS) multiple sectors in Saudi and the region,
technology services in Saudi Arabia and to customers in Saudi Arabia and MEA said Omer Alnomany, solutions by stc’s
the region, and US-based nile, a leader in region. The new NaaS service from Nile CEO.” Through this strategic partnership,
enterprise Network as a Service (NaaS), the increases system reliability and optimizes our new services will optimize operations,
signing of a term sheet agreement aiming business operations by offering clients a cut costs, and drive clients’ businesses
to create a joint venture during “LEAP cost-efficient subscription-based service toward growth, Alnomany added.
2024," the major tech event held annually model and network management powered Commenting on the strategic partnership,
in the Saudi capital Riyadh. The joint by AI technology. “This move highlights our Mr. Pankaj Patel, CEO, and co-founder
venture between the two companies will commitment to expanding our technical of nile said: "The formation of the JV
be a strategic expansion to enhance their advancements and service offerings. between solutions by stc and nile signifies
market presence and service offerings. Together, solutions and nile will introduce a strategic expansion and enhances nile’s
As a part of this venture, both companies innovative network services that transform market presence in Saudi Arabia and the
region. The synergy between solutions by
stc's regional expertise and nile's innovative
approach aims to set new benchmarks
for operational excellence in the ICT
sector.” The announcement of the Joint
Venture comes after the two companies
announced an exclusive partnership to
deliver enterprise networking services
to clients. Followed by solutions by stc
participation in a global funding round
for the next-generation “network as a
service” technology developed by US-
based Nile, which raised $175 million
from various investors last August.

Arabsat Signs MoU with Anexia to Support the
Development of Private Cloud Services SES and
the GPU Services for Innovative Projects

The Arab Satellite Communications
Corporation (Arabsat), the main provider
of satellite services in the Arab region,
signed a memorandum of understanding
with Anexia to enhance the cooperation
in the fields of satellite communications,
private cloud services, and GPU technology
services, and provide integrated solutions
to customers by taking advantage of the
capabilities of both parties, and sharing
common interests. The MoU comes as part
of Arabsat and Nexia's efforts to develop
satellite private cloud infrastructure,
improve data delivery, technical integration,
research, and development, and provide
advanced cloud services, GPU processing
and storage solutions. The MOU also
stipulates the importance of supporting
innovation projects in the fields of satellite
16 JANUARY-MARCH 2024