The Saudi Telecom Company (STC) has signed three new agreements under Rawafed Program with Cisco, Ejada and Amwaj Factory.
STC previously signed 7 agreements, bringing the total to 10. These agreements aim at building partnerships to improve the innovative environment of the inspireU business incubator which will help in the transfer of international knowledge and expertise to emerging projects.
The agreements focus on increasing the Saudization of leadership positions, supporting small and medium-sized enterprises and nationalizing the industry. They also aim to support innovation and enable digitization as part of STC’s commitment to achieve the goals of the Kingdom’s Vision 2030 which seek to maximize the local content and enable digital transformation.
STC’s Chief Executive Officer, Eng. Naser Bin Sulaiman Al Nasser, said the Program managed to achieve a 20-40% increase in Saudization, in addition to its efforts in supporting small and medium-sized enterprises and the nationalization of the industry. He also pointed out that in 2018, STC began working on developing and expanding the manufacturing of optic fibers in addition to the implementation of several plans aimed at producing high-tech products. He also provided details about the progress being made regarding the construction of 4 innovative centers which he said will be officially opened in few weeks.