Riyadh, February 22, 2024, The Kingdom of Saudi Arabia's digital landscape has experienced a remarkable evolution, paralleling the advancements achieved over its three-century history. This transformation is attributed to visionary leadership and sustained investment in Communications and Information Technology (CIT).
Over the past thirty years, the CIT sector has undergone a monumental leap, resulting in a robust digital infrastructure. This infrastructure has played a pivotal role in cementing the Kingdom's position in the global digital economy and extending its international influence.
Innovation and development in CIT are recognized as key drivers of progress, facilitating communication, boosting efficiency, and catalyzing transformative advancements in education, various industries, and overall quality of life. Meeting the ambitions and aspirations of the people remains a central focus.
Since its inception, the Kingdom's leadership has steadfastly pursued development, achieving unprecedented success in the CIT sector. This success has attracted billions of dollars in investments from leading international companies, fostering a thriving communications and technology market valued at SAR163 billion by the end of 2023, marking a 6% increase over the previous year.
The stc Group and its subsidiaries play a pivotal role in this growth, delivering cutting-edge digital services with efficiency and speed on par with developed nations. These services span various domains, establishing a robust foundation for the Kingdom's digital transformation and economic prosperity.
The stc Group is instrumental in realizing the Kingdom's digital transformation goals, leveraging advanced infrastructure and telecommunication technologies to enhance people's lives and position the Kingdom as a regional and global digital hub. This aligns with the objectives outlined in Vision 2030, aiming to accelerate digital transformation for improved national economic outcomes and sustainable growth.
Furthermore, the stc Group actively promotes digital transformation at local, regional, and international levels, harnessing its capabilities to adopt and develop the latest technologies, providing innovative digital solutions that exceed customer expectations.
In essence, innovation and development in the CIT sector serve as the main pillars of the Kingdom's digital transformation journey, a testament to the wise leadership and the collaborative efforts of national companies like stc. These efforts propel the Kingdom toward a digital future that not only promotes economic growth but also enhances the lives of its citizens.
