Saudi Arabia’s stc Group, the leading digital enabler in MENA, has signed a Memorandum of Understanding (MoU) with iBASIS, the leading independent provider of communications solutions for operators and digital players worldwide.
The MoU intends to further support the provision of a global communication experience through Internet of Things (IoT) technology in the region.
Through this MoU, stc will benefit from iBASIS’s capabilities and leading position in the field of IoT, enabling developers of IoT technologies in Europe and America to expand their business in the MENA region.
According to the statement, “By elevating machine-to-machine (M2M) connectivity and enabling international Original Equipment Manufacturers (OEMs) to explore growth opportunities in the MENA region, this collaboration will facilitate the growth of IoT technologies, providing IoT developers with flexible communications services for rapid expansion; thereby contributing to economic growth and diversifying investment opportunities in the region.”
This partnership will drive innovation and digital transformation to help evolve telecom services in the region to meet customers’ changing requirements, particularly in the development of the smart device industry.
Moreover, it will further boost the development of new solutions and bolster IoT connectivity in MENA to cater to businesses’ growing needs, while reinforcing alliance and collaboration in creating a more interconnected and inclusive world for future IoT services through fostering digital innovation.
As per the statement, “This MoU and stc Group’s significant investments in developing digital infrastructure, align with the Saudi Vision 2030 to propel digital transformation and position the Kingdom as a global digital hub, bridging the continents of Asia, Africa, and Europe.”
