Page 16 - SAMENA Trends - October 2019

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

SAR4 Billion - STC Contribution to Support Local Content and Localization

STC’s Senior Vice President for Corporate by the Local Content and Government with its government and private partners
Affairs, Eng. Abdullah Al Kanhal, confirmed Procurement Authority, Al Kanhal stated to maximize local content. He pointed
that STC’s contribution to local content that in 2015, STC established InspireU out that the program focused on the
and technology localization has reached business incubator to support ICT localization of industry, through developing
SAR4 billion. Al Kanhal pointed out that the entrepreneurs and entrepreneurs in the industry infrastructure locally in the field
company has worked for nearly a decade region. Today, STC hosts 28 projects with of industries for the telecommunications
to support localization opportunities investments reaching to 60 million SR, and and information technology sector in
in various sectors, such as fiber-optic contributed to the creation of more than addition to the empowerment of small and
networks and promoting opportunities for 100,000 jobs, including part-time jobs. medium enterprises. The program also
citizens in a number of new industries with He also added that in 2017, STC launched focused on supporting human resources
international and local partners. During his its own local content strategy through by raising the Saudization rates in the
speech last night at the launch of the Local Rawafed program to develop an ambitious administrative functions in the ICT sector,
Content Partnerships Initiative, organized and sustainable framework in collaboration as well as promoting innovation. During
the ceremony, STC signed a cooperation
agreement with the Local Content and
Government Procurement Authority, after
joining the Local Content Coordination
Council of the Local Content Partnerships
initiative, which was launched by the
Authority as the first strategic initiative
to establish a sustainable partnership
with leading national companies and the
private sector for content development.
This agreement will increase local content
in the Kingdom, which is a key pillar to
diversify and direct the national economy
according to the Kingdom’s Vision 2030, by
enabling local manufacturers and service
providers to double their contributions
to local content. Therefore, helping the
Kingdom become a role model in raising
the level of local content and enhancing its
contribution to economic development.

STC Launch of 5G Corporate Services in KSA in 2020: Al Nasser

Eng. Nasser bin Sulaiman Al Nasser, STC Group CEO, confirmed
that STC has increased the number of sites - equipped with 5G
in various KSA regions, stressing that the Kingdom of Saudi
Arabia is considered today among the best countries that have
prepared for the launch of the Fifth Generation in KSA in early
2020. During the STC Media Club meeting held on the sidelines
of GITEX 2019 in Dubai yesterday night, Al Nasser explained
that KSA’s support provided to the telecommunications sector
has contributed to the development and growth of this sector,
as well as improvement of its infrastructure in record time, in
order to achieve the digital transformation aspirations in line
with the objectives of the Saudi Vision 2030 and the National
Transformation Program 2020.In this context, he pointed out
that InspireU features 28 projects, with the total investment
value amounting to SAR 60 million. Al Nasser added, “The
market value of these investments is SAR 300 million. InspireU
includes 16 million employees, and has contributed to the

16 OCTOBER 2019