Page 28 - SAMENA Trends - September-October 2022
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REGIONAL & MEMBERS UPDATES  SAMENA TRENDS

        Launch of Center3 to Enhance Digital Economy Growth in KSA


        stc  Group, the  leading  digital  enabler,   enhancing  the  Kingdom's position  as  a   environments and the local community to
        inaugurated  one of its  largest  and   regional digital center. This launch is in line   be  digitally  connected  in  order to achieve
        significant projects, Center3 Company, the   with our strategy to expand the scope and   digital  economy  and  progress.  Previously
        digital regional center for the Middle East   markets to achieve digital empowerment",   at LEAP, the  International  Conference, stc
        and  North  Africa.  The  new  company  will   said Eng. Olayan Alwetaid, stc Group CEO.   group has  announced  the  launch of an
        be  the  owner of  the  digital  infrastructure   "At Center3, we aim to build an integrated   initiative to establish a main digital center
        assets owned by stc group, including data   ecosystem  of cables  and  data centers   for the Middle East and North Africa, with
        centers,  submarine  cables,  international   that  seeks  to attract  Hyper-scalers,  big   an investment of $1 billion, with the aim of
        points of presence, and internet exchange   data,  and  local and  international  service   enabling growth in the Kingdom's economy
        points. The inauguration took place in the   providers”, said Fahad  Alhajeri, Center3   and  GDP.  This comes in  cooperation
        presence of H.R.H Prince Mohammad bin   CEO.  "Center3  will  provide  data  center   with  regional  and  international  partners.
        Khalid  Al  Abdullah  Al-Faisal,  Chairman of   services,  international  communication  The  center  will  link  three  continents,
        the  Board  of Directors of stc  Group, His   and  Internet  exchange  services  through   benefiting  from  the  strategic  location  of
        Excellency the Minister of Communications   its  assets.  We  will  work to achieve  the   the Kingdom, and promoting investment in
        and Information Technology, Eng. Abdullah   company's  vision  of  making  the  Kingdom   international communication services and
        bin  Amer Alswaha,  and  a  number of   the  main  digital  hub  connecting  the  three   data centers. It will include the installation
        excellencies  and  senior  executives  of  stc   continents  Asia,  Europe, and  Africa.  as   of  several  highly  efficient  cables  to  meet
        Group. Center3  will  be  a  group of carrier-  well as leading the largest share of Internet   the future requirements of cloud services,
        neutral  data  centers  and  a  provider  of   exchange  and  data  traffic  in  the  region”,   by  investing  in  an  advanced  fiber-optic
        international  communication  for  the  added Alhajeri. With the launch of Center3,   network that  ensures  continuous  service
        telecommunications  sector through a   stc Group would have completed the digital   availability. On another note, the group had
        submarine  fiber-optic  network.  It  aims  to   system  pursuit  by  launching  a  number of   also  recently  inaugurated  the  submarine
        develop  digital  businesses  and  enhance   companies  in  the  fields  of  cybersecurity,   cable  "Saudi  Vision  Cable",  which  is  a
        investment  opportunities  in  international   artificial  intelligence,  cloud  computing,   high-speed  submarine  cable  in  the  Red
        communication services and data centers   Internet of Things and digital infrastructure.   Sea  through  its  first  landing  station  in
        by  providing  the  latest  communication   This  will  contribute  to  transforming  the   Jeddah, which extends over a distance of
        and hosting  technologies  and raising  the   digital  industry in  KSA into a  leading   1,160,000 meters, and provides high-speed
        capacity of data centers to meet the needs   industrial  power and a global logistics   access across the borders of the Kingdom
        of the markets across Asia, Europe, Africa,   center, as well as the development of the   of Saudi  Arabia  through four landing
        and the rest of the world. "The stc Group   local industrial  sector, which puts  Saudi   stations, Jeddah, Yanbu, Dhaba, and Haql.
        launched  Center3  to  enhance  the  digital   Arabia at the forefront of global countries,
        system,  which  in  turn  will  contribute  to   through  the  transformation  of  business




































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