Page 35 - SAMENA Trends - May-June 2023

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

opportunities for growth and development networks. Nile's campus NaaS solution with solutions by stc, the onus is no longer
in Saudi and the region." "We are excited to is characterized by its new subscription- on customers to make sure internal systems
partner with solutions by stc, to introduce based business model, automated lifecycle and supporting products are more secure
our campus NaaS offering for the first management, performance assurance, – instead, they can enjoy the long-term
time in Saudi and the region," said Pankaj and built-in security features that protect benefits of a secure-by-default solution.
Patel, CEO of Nile. "We believe solutions' against threats that target vulnerable wired Nile has essentially reimaged the wired and
approach aligns with Nile's intent to and wireless networks. "Nile is a purpose- wireless services market offering secure,
fundamentally change how connectivity is built offering that takes once complicated simple, high-performance networking at
delivered and maintained, bringing greater and convoluted network operations and a lower cost." This partnership aligns with
value in terms of operational efficiency to transforms them into a simple, secure, and the Saudi Vision 2030 to accelerate digital
organizations." solutions and Nile's joint reliable solution that is needed in these transformation across various sectors and
efforts will provide customers with an regions," said John Chambers, co-founder, to strengthen the position of Saudi Arabia
innovative NaaS solution for enterprise and board member at Nile. "In collaborating as a center for innovation serving the world.

inspireU from stc Enables Over 90 Startups That Succeeded in Getting
Total Investments of More Than SAR 700 Million

stc Group, an engine of digital track that provides additional support for Arabia’s position as a major digital hub for
transformation in the region, announces startups in their growth phase as part of the MENA region. A ceremony was held
that inspireU’s enablement to more than 90 its endeavor to support entrepreneurship, in the presence of, His Royal Highness
startups since inception resulted in more enable innovation in the Kingdom, and Prince Mohammed bin Khalid Al-Abdullah
than SAR 700 million of total investment contribute to strengthening the digital Al-Faisal, Chairman of the Board of
gathered by Saudi entrepreneurs. The economy in the region. The new advanced Directors of stc Group, His Excellency the
group also announced the expansion track is part of the group’s continued Deputy Minister of Communications and
of the accelerator by launching a new efforts to enable SMEs to reinforce Saudi Information Technology, Eng. Haitham
bin Abdul Rahman Al-Ohali, and the CEO
of stc Group, Eng. Olayan bin Mohammed
Alwetaid. The ceremony included pitches
from 17 startup founders and was held
in King Abdulaziz Telecom Complex
in Riyadh. During the ceremony, stc
Group CIO, Eng. Motaz Alanqari said:
“inspireU is playing a vital role in enabling
entrepreneurs and startups to maximize
and realize their full potential in developing
new businesses within the digital economy
landscape. Our continued investment in
local SMEs supports our ongoing efforts
to drive Saudi Arabia’s position as a major
digital hub, enhance the digital economy,
and enable digital transformation in the
Kingdom and beyond. Since its inception,
more than 40 million users have benefited
from inspireU's alumni startups, and more
than 600,000 jobs have been created.
This confirms stc's commitment and
contribution to promoting the digital
economy, creating job opportunities, and
supporting local content by transforming
entrepreneurs' ideas into successful
projects.” Alanqari concluded, “stc intends
to expand the accelerator by launching
inspireU advanced to enable leading

35 MAY-JUNE 2023