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RIYADH: Saudi Telecom Company, stc, has signed a strategic agreement with China’s Huawei to set up local data centers in the Kingdom.
The deal plans to develop the data centers by setting up a factory, which will use Huawei’s global reach to establish national competencies in the Kingdom.
CEO of stc, Olayan Mohammed Al-Watied said the possibility of setting up a data center equipment factory increases the readiness of the digital infrastructure in the Kingdom, and boosts its position as a leading digital center in the region.
The agreement will also go some way to achieving the Kingdom's 2030 vision of diversifying the economy.