stc Group, the enabler of digital transformation in the region, and the National Housing Company (NHC) signed a memorandum of understanding aiming to work on developing neutral digital infrastructure for the suburbs and residential communities of the National Housing Company (NHC), supporting access to the fiber optic network, as well as providing carrier and operator services within National Housing objectives and strategies to develop its business and improve the quality of life in its projects.
The memorandum of understanding contributes to enhancing cooperation and strategic partnership between the group and the company to achieve the common goals between the two leading national companies, as this agreement contributes to achieving the major national goals and Saudi Vision 2030 by providing advanced infrastructure for modern and sustainable suburbs that contribute to enhancing the quality of life and place the Kingdom in the regional leadership in Providing and using advanced technologies.
Signing this memorandum is an important step as a stage in a series of huge future projects that we are currently working on. These projects are closely linked to the objectives of the Kingdom’s Vision 2030, as we are examining ways of cooperation to establish partnerships with… Promising national entities in various sectors. We also aim, through our joint efforts, for stc Group to continue performing its pioneering role as an enabler of digital transformation in the Kingdom and the region by providing neutral digital infrastructure that contributes to raising the quality of life and keeps pace with the goals of building a sustainable and connected future for all.
Engineer Mohammed Al-Abadi, CEO of the Transport and Operators Unit, stc Group
We are pleased to cooperate with stc Group to raise the quality of services provided in the suburbs, as neutral infrastructure will support the development of our projects to keep pace with the transformations The current market and future aspirations, and it reflects our commitment to providing the best services by developing projects with the best practices and technologies that contribute to raising their quality of life. It also contributes to achieving the Kingdom’s vision to increase the rates of Saudi families’ ownership of residential units.
Engineer Ali Al-Abdani, Head of the Strategy and Institutional Business Development Sector, National Housing (NHC)
