Participating in the Saudi-US business opportunities forum, the CEO of STC, Dr. Khaled Bin Hussain Biyari stressed the role of telecommunications companies in the digitalisation of Saudi Arabia labelling it as fundamental to the national transformation program being implemented by the government. Biyari asserted STC’s capabilities as a sector leader, highlighting its role on three levels: enabling platforms, ICT infrastructure, and innovation infrastructure.
He further talked about the company’s efforts towards technological empowerment through investing in incubators. The latest such venture was InspireU, which began operations in 2015 focusing on supporting innovation in IT and telecommunications and fostering initiatives across Saudi Arabia and the MENA region.
Dr. Biyari also shed light on STC’s massive investments to upgrade its network, including fibre optics, international marine cable alliances, and cloud services. He said that in recent years, STC invested more than SAR 7 billion to develop its infrastructure.
He called for an environment that supports the telco sector business activities as well as investments in infrastructure. Biyari stressed the importance of differentiating between consumer protection and market protection in order to stimulate and support investments in the sector. He said that such differentiation enables telcos to develop the sector while focusing on stimulating SMEs.