Center3 Launch To Enhance Digital Economy Growth In KSA
The new company will own the digital infrastructure assets owned by stc Group, including data centres, submarine cables, international points of presence, and internet exchange points. stc Group, the digital enabler, inaugurated one of its largest projects, Center3 Company, the regional digital centre for the Middle East and North Africa. The new company will own […]
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The new company will own the digital infrastructure assets owned by stc Group, including data centres, submarine cables, international points of presence, and internet exchange points.
stc Group, the digital enabler, inaugurated one of its largest projects, Center3 Company, the regional digital centre for the Middle East and North Africa. The new company will own the digital infrastructure assets owned by stc Group, including data centres, submarine cables, international points of presence, and internet exchange points. The inauguration occurred in the presence of H.R.H Prince Mohammad bin Khalid Al Abdullah Al-Faisal, Chairman of the Board of Directors of stc Group, His Excellency the Minister of Communications and Information Technology, Abdullah Alswaha.
Center3 will be a group of carrier-neutral data centres and a provider of international communication for the telecommunications sector through a submarine fibre-optic network. It aims to develop digital businesses and enhance investment opportunities in international communication services and data centres by providing the latest communication and hosting technologies and raising the capacity of data centres to meet the needs of the Asian, European, and African markets and the rest of the world.
“The stc Group launched Center3 to enhance the digital system, to contribute to enhancing the KSA’s position as a regional digital centre, and it’s in line with our strategy to expand the scope and markets to achieve digital empowerment,” said Olayan Alwetaid, stc Group CEO.
“At Center3, we aim to build an integrated ecosystem of cables and data centres to attract Hyper-scalers, big data, and local and international service providers,” said Fahad Alhajeri, Center3 CEO.
“Center3 will provide international communication, Internet exchange, and data centre services. We will work to achieve the company’s vision of making KSA the main digital hub connecting the three continents Asia, Europe, and Africa, and to lead the largest share of Internet exchange and data traffic in the region,” said Alhajeri.
With the launch of Center3, stc Group will have completed the digital system pursuit by launching several companies specialised in cybersecurity, artificial intelligence, cloud computing, the Internet of Things and digital infrastructure. It will contribute to transforming the digital industry into a leading industrial power and a global logistics centre, putting KSA at the forefront of global countries’ transforming business environments.
Previously at LEAP, the International Conference, stc Group announced the launch of an initiative to establish a main digital centre for the MENA region with an investment of $1 billion to enable growth in KSA’s economy and GDP. It comes in cooperation with regional and international partners. Furthermore, the group had recently inaugurated the submarine cable “Saudi Vision Cable,” a high-speed submarine cable in the Red Sea, through its first landing station in Jeddah, which extends for a distance of 1,160,000 meters and provides high-speed access across the KSA’s borders through four landing stations: Jeddah, Yanbu, Dhaba, and Haql.
