stc Group and iBASIS have joined forces through a memorandum of understanding (MoU) to enhance IoT services in the Middle East and North Africa (MENA) region. This partnership is driven by stc Group's status as a leading digital enabler and iBASIS's expertise as a global provider of communications solutions.
The MoU will leverage iBASIS's capabilities in IoT to support developers of IoT technologies in Europe and the United States seeking to expand into the MENA region. By upgrading machine-to-machine (M2M) connectivity and facilitating access for Original Equipment Manufacturers (OEMs), this collaboration aims to foster the growth of IoT technologies.
This partnership will drive innovation and digital transformation within the region's telecom sector, particularly in the development of the smart device industry. It will also support the creation of new solutions and enhance IoT connectivity to meet the growing needs of businesses in the MENA region.
The MoU aligns with stc Group's substantial investments in digital infrastructure development, which are in line with Saudi Vision 2030. This vision seeks to accelerate digital transformation and establish the Kingdom as a global digital hub, connecting the continents of Asia, Africa, and Europe.