stc signs multiple MoUs to boost localization of ICT sector in Saudi Arabia 

stc signs multiple MoUs to boost localization of ICT sector in Saudi Arabia 

RIYADH: In a move to increase the production of local content, Saudi telecom service provider stc signed a number of new strategic agreements with domestic companies during the Public Investment Fund's Private Sector Forum held in Riyadh on March 14-15.

Aimed at supporting sustainability efforts, stc signed the first agreement with Ebttikar, which provides recycling services and the preservation of raw materials.

Another deal it signed during the forum was with Holoul to provide smart solutions for conference rooms and private offices.

"We signed the two contracts with local companies. One of the contracts is related to improving the environment through stc refurbished products. The second is related to developing an office automation environment solution, which will take us to the IoT investment. And this is really something that we will see soon. Hopefully, it will be localized and then it will go abroad," Emad Alaoudah, group chief shared services officer at stc, told Arab News.

He explained the cooperation is an extension of the group’s efforts to support local content in the Kingdom, one of the main pillars of Saudi Vision 2030, which aims to maximize its contribution and enable it to create quality products and services.

During the forum, stc also introduced a