Breaking News
- EIG Hires De La Rey Venter as CEO of MidOcean Energy
- Work for Humankind: World of Possibilities Opens Up for Remote Island with Lenovo Technology
- Results from Phase 2 Study of Fazirsiran in Patients with Alpha-1 Antitrypsin Deficiency Published in New England Journal of Medicine
- Offer Document Regarding Philip Morris Holland Holdings B.V.’s Recommended Cash Offer to the Shareholders of Swedish Match AB Made Public
- Aleph Farms Hires Chief of Regulatory Affairs Ahead of Global Commercialization
- UbiPharm and Imperial Form Strategic Alliance to Create One of Africa’s most Expansive Healthcare Distribution Networks
- MRM Health Starts Clinical Trial with Next-Generation Optimized Consortium Therapeutic MH002 in Pouchitis
- Turkish Medical Team Separates Conjoined Twins in 9 Hours, Breaking World Record
- Walton Global Makes Distributions of $137 Million to its Investors during Second Quarter 2022
- NielsenIQ Accelerates Expansion of Global Retail Strategy with Addition of Retail Lab Leader, Dawn E. Norvell
- Brazil to continue creating opportunities with results achieved by Expo 2020 participation
- Gradiant, Technology Leader in Solving Critical Water Problems, Receives Coveted Global Water Awards
- New advanced threat actor targets high-profile entities with new malware
- Electronic customs system to reduce cost of business in Kenya
- Sonatrach refutes misleading information concerning fire in industrial zone of Arzew
- Niger, Algeria and Nigeria establish taskforce to develop Trans-Saharan gas pipeline
- From sand to spuds: How Algeria galvanised its agricultural sector
- TK Elevator Launches Flagship Building Operations Platform MAX in UAE
- RELX Demonstrates Commitment To Product Quality, Consumer Experience, And The RELX Pledge Through Participation At World Vape Show in Dubai
- TK Elevator Launches Flagship Building Operations Platform MAX in Qatar
- Hytera Honored with International Critical Communications Awards at CCW 2022
- Hytera at CCW 2022 Is Showcasing Convergence-Native Solutions for Critical Communications Sector
- PUMA Kicks Off Its Largest Web3 Collaboration To Date, with 10KTF Shop
- Economic Progress of Togo and Western African States Highlighted by Qatar Economic Forum
- EFFICIENT COOLING FOR ANY BUSINESS WITH LG INVERTER DUCTED SPLIT
- Cellulant recognised as a leading payment platform solutions provider
- Lab testing startup HealthTracka raises $1.5m funding for expansion to Kenya and Ghana
- Identitypass launches Government Document Verification Product
- The Global Center on Adaptation to help smallholder farmers in Ethiopia adapt to enhance food security
- Uganda contributes $10m to South-South Cooperation project with FAO and China
- Agriculture remains unattractive to the youth in Africa, experts
- Five-star hotel “AZ Grand Oran” inauguration: President Tebboune insists on elimination of bureaucratic barriers to investment
- AM Best Extends Congratulations to African Insurance Organisation on 50th Anniversary Celebration
- MSCI 2022 Market Classification Review
- More Than Infinity! VOOPOO Global New Product Launch Kicks off June 29 Online
- Lootverse Has Announced Its In-World Social Media
- Degreed Acquires Learn In to Extend Its Upskilling Offering to Include Longer-form Programs and Talent Academies
- State Library of Victoria Entrusts Its Oracle Software Support and Security to Rimini Street
- Mary Kay Inc. Partners With the Society of Investigative Dermatology (SID) to Award Educational Grants to Academic Research Fellows for Advancement in Research to Promote Skin Health
- Veza, the Data Security Platform Built on the Power of Authorization, Announces Blackstone as a Customer and Strategic Series C Investor
- 46% of SMEs in EEMEA earning more money than before the pandemic, Mastercard report
- ITC and KOICA to support Ugandan farmers
- Madagascar launched major roads rehabilitation with all parteners
- The time to unlock the skills development potential of 4IR is now, says PBT Group
- Avanti and Viasat sign Ka-band capacity lease agreement targeting the energy sector
- Vodacom launches initiative to connect youth to the gig economy
- Esri Releases ArcGIS GeoAnalytics Engine, Enabling Comprehensive Spatial Analysis for Big Data
- Mary Kay Inc. Presents New Findings on Pollution and Skin Health at Society for Investigative Dermatology Conference
- Catheon Gaming Appoints Former Activision Blizzard APAC Head as CEO
- Mevol New Products Draw Massive Crowds at Dubai Vaping Expo!
stc group and Alibaba establish Ali Baba Cloud for cloud computing in Saudi Arabia
With capital amount of SAR 894 million

stc Group, the leading national digital enabler announced the establishment of “Alibaba cloud” in Riyadh, KSA, for high-capacity cloud services in partnership with the Chinese technology giant, “Alibaba Group”, eWTP Arabia for Technical Innovation Ltd., the Saudi Company for Artificial Intelligence (SCAI). and the Saudi Information Technology Company (SITE).
The establishment of the new company in the Saudi capital, Riyadh, came in response to the significant increase in demand for cloud computing services and solutions in the region. The company will provide advanced cloud computing services to companies operating in the Kingdom of Saudi Arabia, ensuring that they employ the highest standards of security and protection.
The New Company’s capital will amount to SAR 894 million , and the new company will benefit from the distinguished position of stc Group in the services and technology solutions sector and will employ the best talent and expertise to support the local capabilities of the Kingdom and enable it to enhance digital development and build an advanced ecosystem capable of meeting the future needs of the Kingdom. Alibaba, one of the best providers of cloud computing services and solutions in the world, will offer a wide range of cloud computing services and solutions, a step that will enable local companies and institutions to digitize their businesses, employ the technologies of the Fourth Industrial Revolution, raise work standards and enhance Businesses.
In line with the Kingdom’s efforts to enhance economic diversification and stimulate investment opportunities in the cloud computing sector, the new company will contribute to providing quality jobs, transferring knowledge and expertise to the Kingdom, and ensuring a safe work environment for entrepreneurs in the region
stc’s investment with Alibaba for cloud computing services, in cloud computing solutions in Riyadh, reflects the company’s future vision and its great role in pushing digital transformation efforts in the Kingdom of Saudi Arabia, and its commitment to forging strong partnerships with leading technology companies around the world in line with the Kingdom’s 2030 vision to attract foreign and international investments into the Kingdom, creating a secure environment for entrepreneurs, and enhancing information security by protecting data internally in the Kingdom.
The establishment of the company specialized in cloud computing services and solutions in Saudi Arabia will contribute to developing the Kingdom’s digital infrastructure and preparing it to provide the latest digital data storage services and solutions and ensure its protection and security, which will enhance the Kingdom’s ability to provide cloud computing services to global companies.