The US agency Bloomberg indicated that “STC plans to spend about one billion US dollars to turn Saudi Arabia into a regional data center.” Pointing out that “the company may sell a stake in one of its largest and most important projects, Center3, to fund its plan, which is a digital regional hub for the Middle East and North Africa.”
Mohammed Al-Abadi, head of Saudi telecommunications company, wholesaler and head of Center3, said: “Center3’s investment over the next five years will help the Kingdom host more media, games and enterprise data as it comes after the initial investment. “$1 billion to build data centers and submarine data cables.”
In this context, Al Abadi explained that “Saudi Arabia and the region in particular are still data consumers when it comes to how we connect to other hubs, be it cloud content, media or games, and with the growing demand for them. , there is a growing need for local hosting of this content.”
Source: El Iktisad
