Page 23 - SAMENA Trends - July-August 2022

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

stc Launches "Saudi Vision Cable", the First High-Capacity Submarine
Cable in the Red Sea

stc announced the landing of “Saudi Vision this event, Eng. Olayan Bin Mohammed an integrated digital ecosystem”. “Saudi
Cable,”; which is the first high-speed cable Alwetaid Group, CEO of stc, said: “This Vision Cable provides communication
in the Red Sea through its first landing achievement reflects our comprehensive between several international information
station in Jeddah. With the name inspired strategy that aims to diversify the Group’s centers. It also achieves the raising level of
by the KSA Vision 2030, the Saudi Vision investment opportunities and support the unified optical fiber platform that is cost-
Cable spans 1,160,000 meters and it digital transformation in the KSA by efficient and flexible, and provides access
is fully owned by stc Group. The Saudi boosting the digital infrastructure. The – low latency - to all international cables
Vision cable is the first ever high-capacity cable will provide digital connectivity in the landing stations and information
submarine cable in the Red Sea region services for corporates and individuals centers of the stc Group”, he added. The
that will provide seamless connectivity between the KSA and the continents by new cable will be one of the submarine
up to 18Tbps/fiber pair with a total of 16 building a regional digital hub connecting cables that will be linked to the MENA
fiber pairs through four (04) landings in the continents of the globe and help meet Hub connecting three continents of the
Jeddah, Yanbu, Duba, and Haql. Marking the needs of companies and customers via globe, leveraging the strategic location of
KSA. This will help to enhance investment
in international communication services
and data centers. This cable will join 16
cables invested by stc that are positioned
between the east and the west of the KSA.
Saudi Vision cable will provide a higher and
more reliable internet service to meet the
increasing demand for communications
and internet at the local and international
levels. It will also allow all of the country’s
sectors to obtain high-speed internet
services, including education, healthcare
and business which will, in general,
provide economic and social benefits.

inspireU Program Embracing 18 Projects in Its 9th Intake

stc Group's inspireU entrepreneurs support tracking devices, “Flashlead” platform that small and medium enterprises in the retail
program announced the selection of incu- provides a cloud-based software for cus- sector, “Oumlapay” platform, provides a
bated projects in the final phase of the 9th tomer management to improve corporate payment gateway that enables companies
intake. The program embraced 18 projects, performance and increase sales, “Nugttah” to accept, organize and transfer encrypted
including Spoilz games provides services to platform, brings restaurant or café owners payments, “Nabt Agri Tech” platform that
game developers, win provides the sale and closer to their customers to allow them to connects farmers and importers of fresh
purchase of surplus industrial inventory of order digitally, “Clevr” platform, supports goods to business owners. "Yamm Pay"
oil and petrochemical products between in-
dustrial companies, Sirdab serves business
owners to instantly configure and manage
their cloud repositories, Fraim app con-
nects production companies to advertising
service providers such as photographers,
Qparts provides technical solutions in the
field of auto parts and OPETA specializes
in artificial intelligence and data analysis,
which provides a platform that serves the
restaurant and café sector. In addition to
Autoly Inc. application that specializes in AI
/ ML technology to help drivers and com-
panies maintain their cars through dam-
age analysis capability, “Moeco” platform
for logistics solutions, provides low-cost

23 JULY-AUGUST 2022