STC increases 5G sites in Saudi Arabia
The market value of STC’s investments in entrepreneurial projects amounts to SAR 300 million
Eng. Nasser bin Sulaiman Al Nasser, STC Group CEO, confirmed that STC has increased the number of sites - equipped with 5G in various KSA regions, stressing that the Kingdom of Saudi Arabia is considered today among the best countries that have prepared for the launch of the Fifth Generation in KSA in early 2020.
During the STC Media Club meeting held on the sidelines of GITEX 2019. Al Nasser explained that KSA’s support provided to the telecommunications sector has contributed to the development and growth of this sector, as well as improvement of its infrastructure in record time, in order to achieve the digital transformation aspirations in line with the objectives of the Saudi Vision 2030 and the National Transformation Program 2020.
In this context, he pointed out that InspireU features 28 projects, with the total investment value amounting to SAR 60 million. Al Nasser added, “The market value of these investments is SAR 300 million. InspireU includes 16 million employees, and has contributed to the creation of 160 thousand employment opportunities, including part-time jobs.”
For his part, Eng. Abdullah Al Kanhal, Senior VP of Corporate Affairs at STC, pointed out the impact of InspireU in supporting the innovation of innovative youth projects, with the support of STC, which provides financial and qualification support with the participation of experts from Silicon Valley, as well as all the required potential for these promising projects.