Partnership to Meet Growing Global Demand and Support the Region’s Rapidly Evolving Digital Landscape
In a significant move to bolster the digital infrastructure of the MENA region, stc Group and Ooredoo Group have signed a memorandum of understanding (MoU) aimed at establishing a strategic collaboration. This partnership is set to enhance the Information and Communications Technology (ICT) ecosystem and expand digital services and connectivity across the broader MENA region, addressing the increasing global demand for advanced digital solutions.
Leading MENA’s Digital Transformation
The collaboration between stc Group and Ooredoo Group represents a pivotal step in leading the digital transformation of the MENA region. By leveraging the strengths and capabilities of both companies, this partnership is poised to meet the surging global demand for digital services and support the region’s rapidly evolving digital landscape.
Mohamed Alabbadi, chief carrier and wholesale officer of stc Group, expressed pride in this strategic regional collaboration, stating, “In continuation of the stc Group journey in elevating the ICT digital ecosystem, we are proud to announce this strategic regional collaboration, spotlighting our commitment to elevate and expand such journey across the MENA region.” This sentiment underscores the commitment of both organizations to foster innovation and enhance the digital infrastructure necessary for economic growth.
Ooredoo Group’s chief business services officer, Najib Khan, echoed this enthusiasm, saying, “We are excited to join forces with stc Group on this visionary strategic collaboration. Together, we are committed to leading the way in driving innovation and accelerating digital transformation, laying a strong foundation for sustained economic growth, and fostering regional development.” This partnership aims not only to enhance service delivery but also to create a robust framework for future advancements in the region.
Growing Regional Demand Propels Advancement
The demand for advanced digital services in the MENA region is on the rise, prompting stc and Ooredoo to significantly enhance their capabilities in recent years. Both companies have recognized the need to adapt to the evolving ICT sector, which is increasingly characterized by rapid technological advancements and changing consumer expectations.
Ooredoo has recently embarked on a multi-year partnership with Oracle to transform its database infrastructure, a move that is expected to expedite its digital transformation journey. This collaboration will not only improve service delivery but also position Ooredoo Qatar as a leader in telecommunications innovation. By integrating advanced technologies into its operations, Ooredoo aims to enhance customer experiences and streamline its services.
On the other hand, stc Group has made remarkable strides in various domains, including artificial intelligence (AI), cybersecurity, and sustainable technologies. The group has also ventured into the fintech sector with the launch of STC Bank, showcasing its commitment to diversifying its offerings and enhancing customer engagement. Furthermore, stc’s expansion into the sports sector and its significant developments across Saudi Arabia have played a crucial role in advancing the country’s communications and information technology landscape.
Conclusion
The strategic partnership between stc Group and Ooredoo Group marks a significant milestone in the MENA region’s digital transformation journey. By combining their strengths and resources, both companies are well-positioned to meet the growing global demand for digital services while supporting the region’s rapidly evolving digital landscape. As they continue to innovate and expand their capabilities, stc and Ooredoo are set to play a pivotal role in shaping the future of ICT in the MENA region, fostering economic growth and enhancing the overall digital experience for consumers and businesses alike.
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