Saudi Telecom Co. to invest $400 million expanding data centers
Published 14 Nov,2021 via Bloomberg–Saudi Telecom Co., the biggest telecommunications company in the Middle East, will invest 1.5 billion riyals ($400 million) to build the largest cloud-enabled data center in the region as the oil rich-kingdom seeks to become a center for digitalization, according to a spokesman for the company.
STC, as the firm is known, is implementing the third phase of its data-center program with a facility that has an allocated land area of more than 180,000 square meters, according to a statement.
The Riyadh-based telecommunications company completed the first phase of the project in 2019 and the second phase is already is in the final commissioning stage. STC’s data-centers program consists of 16 data centers in six cities, the statement said.
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
Bloomberg