Riyadh - Mubasher: Saudi Telecom Company (stc) penned an agreement with Red Sea Global (RSG) to invest more than SAR 1.20 billion in expanding digital infrastructure and services across RSG’s portfolio of resorts and communities.
This strategic investment marks one of the largest of its kind in Saudi Arabia’s tourism sector, according to a press release.
It aligns with the Kingdom’s objectives to become a global leader in smart destination development, delivering transformative guest experiences while advancing national digital economy goals.
Ahmad Ghazi Darwish, Group Chief Administrative Officer at Red Sea Global, commented: “This SAR 1.20 billion investment from our partner represents a major milestone in that journey, enabling us to embed world-class digital infrastructure into our destinations.”
Riyadh Muawad, stc group’s Chief Business Officer, stated: “This collaboration reflects our unwavering commitment to technological excellence and reaffirms stc group’s role as a key enabler of digital transformation in support of landmark projects aligned with Saudi Vision 2030.”
Under the signed deal, stc will provide next-generation connectivity and ICT services across RSG’s destinations, including high-speed networks, resilient backup systems, and integrated digital operations.
It will also offer AI-driven services, cloud-based operations, digital twin technologies for real-time modeling and optimization, and advanced analytics to support decision-making and enhance cybersecurity.
Sultan Moraished, Group Head of Technology & Corporate Excellence at Red Sea Global, noted: “The tailored agreements also provide us with the flexibility to integrate advanced ICT solutions and leverage stc’s global ecosystem of partners, ensuring we continue to scale with confidence as our portfolio grows.”
