May 23, 2022 02:31 PM (GMT+8) · EqualOcean
Saudi Telecom (STC), the largest mobile operator in the Middle East, announced that it had established a cloud computing joint venture with Alibaba cloud and Yida capital in Saudi Arabia with a registered capital of 894 million Saudi Riyals (about 238 million US dollars). The headquarters of the joint venture is located in Riyadh, the capital of Saudi Arabia. According to public information, Alibaba cloud will set up an office and a local team in Riyadh at the end of 2020.