The Kingdom of Saudi Arabia has experienced a rapid transformation in its digital sector. This surge is fueled by the foresight of the leadership and ongoing investments in communications and information technology (CIT). Over the past three decades, the CIT sector has made remarkable progress, leading to a robust digital infrastructure that has solidified the Kingdom's position in the global digital economy.
Innovation and development in CIT are recognized as key factors for progress. They facilitate communication, enhance efficiency, and drive transformative advancements in education, various industries, and overall quality of life. These advancements align with the ambitions and aspirations of the people and have positioned the Kingdom as an attractive destination for leading international companies, attracting billions of dollars in investment.
The CIT boom has led to a thriving communications and technology market, valued at SAR163 billion by the end of 2023. stc Group and its subsidiaries have played a pivotal role in this growth by providing cutting-edge digital services. These services lay a strong foundation for the Kingdom's digital transformation and economic prosperity.
stc Group remains instrumental in achieving the Kingdom's digital transformation goals. It leverages advanced infrastructure and telecommunication technologies to enhance people's lives and position the Kingdom as a regional and global digital hub. This aligns with the objectives of Vision 2030, which aims to accelerate digital transformation for improved economic growth and sustainable development.
stc Group also plays a crucial role in promoting digital transformation locally, regionally, and internationally. It harnesses its capabilities to adopt and develop the latest technologies and provide innovative digital solutions that exceed customer expectations. Through its efforts, stc Group supports the Kingdom's journey towards a digital future that promotes economic growth and improves the well-being of its citizens.