Stc group and Alibaba establish Ali Baba Cloud for cloud computing in Saudi Arabia

Stc group and Alibaba establish Ali Baba Cloud for cloud computing in Saudi Arabia

Riyadh, Saudi Arabia: 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