stc Group Reinforces Commitment to Sustainability and Technological Advancement at FII8

The Future Investment Initiative (FII) 8th Edition, held in Riyadh under the theme "Infinite Horizons: Investing Today, Shaping Tomorrow," served as a pivotal platform for stc Group to reaffirm its dedication to sustainability, connectivity, and technological innovation. As a prominent digital enabler and strategic ally of FII8, stc Group announced the inclusion of three influential companies in its Sustainability Champions program, marking a significant step towards addressing global challenges through innovative and sustainable practices.

Companies Joining the Initiative

Alat

One of the key players joining the Sustainability Champions program is Alat, a company under the auspices of the Public Investment Fund (PIF). Alat is on a mission to revolutionize global industries, particularly in the electronics and industrial sectors, by establishing a premier manufacturing hub in Saudi Arabia. The company is committed to leveraging clean energy to promote sustainability, innovation, and industrial growth. By focusing on sustainable manufacturing practices, Alat aims to assist global enterprises in reducing their emissions and moving towards carbon-neutral production. This initiative aligns seamlessly with Saudi Arabia’s Vision 2030 objectives, which emphasize economic diversification and industrial advancement.

Dr. Sulaiman Al Habib Medical Group

Another significant addition to the program is the Dr. Sulaiman Al Habib Medical Group, recognized as the largest private healthcare provider in the Middle East. The group offers a comprehensive range of healthcare services, pharmacy operations, and technological solutions, managing over 2,000 beds across more than 25 medical facilities in Saudi Arabia and the United Arab Emirates. By participating in the Sustainability Champions program, the medical group aims to enhance its sustainability practices, ensuring that healthcare delivery is not only efficient but also environmentally responsible.

Solutions by stc

Lastly, solutions by stc, a leader in information technology services within the Kingdom, is also joining the initiative. The company provides an extensive array of integrated technology solutions designed to facilitate digital transformation for both public and private sectors. By offering essential ICT services, solutions by stc assists businesses in effectively managing and scaling their daily operations, thereby contributing to a more sustainable and technologically advanced future.

Support Areas

As part of the Sustainability Champions program, stc Group will provide comprehensive support to these three companies in various critical areas, including:

• Evaluating Current Sustainability Baselines: Assessing the existing sustainability practices of each company to identify areas for improvement.
• Creating a Roadmap for Enhancing Sustainability Practices: Developing tailored strategies to enhance sustainability efforts and integrate them into core business operations.

This program not only aims to elevate the sustainability practices of the participating companies but also serves as a knowledge transfer and partnership initiative, fostering collaboration across the private sector in Saudi Arabia.

stc Group’s Commitment to Sustainability

stc Group has been recognized as one of the leading Saudi companies in corporate sustainability, standing alongside 19 other organizations across seven sectors. This recognition underscores the Group’s ongoing commitment to integrating sustainability into its operations and business strategies. By acting as a catalyst for digital transformation, stc Group delivers cutting-edge solutions that play a pivotal role in the digitization journey of various industries.

The Group offers a wide range of services, including digital infrastructure, cloud computing, cybersecurity, Internet of Things (IoT), digital payments, digital media, and digital entertainment. With 13 subsidiaries operating throughout Saudi Arabia, the Middle East, North Africa, and Europe, stc Group is well-positioned to lead the charge towards a more sustainable and technologically advanced future.

Conclusion

The participation of Alat, Dr. Sulaiman Al Habib Medical Group, and solutions by stc in the Sustainability Champions program at FII8 highlights a collective commitment to addressing pressing global challenges through innovative thinking and sustainable development. As these companies embark on their sustainability journeys, stc Group stands ready to support them, reinforcing its role as a leader in corporate sustainability and digital transformation in the region.

For more insights into economic developments and sustainability initiatives, visit Economy Middle East.