stc Group concludes LEAP Conference by signing more than 40 MoUs
Riyadh, February 9: The global technology conference “LEAP23” concluded its functions by announcing significant global partnerships and a billion investments to support future technologies, digital entrepreneurship and technology startups to achieve the Kingdom’s Vision 2030 in diversifying the economy, localising technology and progressing industries.
stc group had the most significant portion of the conference, as it concluded its participation in the LEAP 2023 conference by signing more than 40 agreements and showcasing several innovative services and technologies that contribute to accelerating the digital transformation of the public and private sectors. During the event, the group presented advanced and secure technology solutions contributing to the digital empowerment of various business sectors.
stc announced its cooperation with major global and local companies, including Huawei, Ericsson, Samsung, Telefónica, Motorola, Airbus, Go Telecom, Sky Five for Air to ground internet services, and Oracle to update database technologies and accelerate the cloud transfer operation. Moreover, stc signed an agreement with Lucid, the electric car manufacturer, to provide customer communications services. It also signed a strategic partnership with Blacknut to increase awareness of cloud gaming solutions among individuals and businesses.
The agreements included the signing of several partnerships with the government sector, most notably an agreement for strategic cooperation in digital transformation & infrastructure, investment, and development of wireless communications with the Ministry of National Guard, and an additional agreement with the Royal Commission for Al-Ula Governorate to cover Wadi Ashar with 5G technologies and an agreement with King Abdullah Economic City to work on developing digital products and solutions enabling the easy transformation into smart cities. At the same time, it signed an agreement with SDAIA to develop a platform for labelling data and encouraging innovation in the field of artificial intelligence. In addition to its agreement with the Fourth Industrial Revolution Center to govern the applications of emerging technologies, as well as an agreement for stc’s inspireU program with the National Program for Information Technology Development, which aimed at supporting emerging technology companies and entrepreneurs. stc Group, represented by stc Academy and King Abdullah University of Science and Technology, signed a strategic partnership for research and innovation. And iot squared, owned by the Public Investment Fund and stc, signed several MoUs with Software AG and Ossia to enable companies and sectors to digitally transform and use advanced Internet of Things technologies in line with the Kingdom’s Vision 2030.
Furthermore, stc had announced the stc Corporate Investment Fund (CIF), through which it aims to invest in emerging projects in the early stages in several fields; Among them are financial technologies, cyber security, artificial intelligence, digital games, the Internet of Things, blockchain and other promising areas.
stc implemented the fastest fibre internet experience in the Middle East in partnership with the integrated Dawiyat company. The experiment was carried out in one of the villas in the Sidra residential project in Riyadh, which is affiliated with the “Roshan” company, the leading real estate developer in the Kingdom.
Finally, stc Group presented in its booth, metaverse technologies, satellite communication technologies, and Air to ground internet services, the booth also included a display of the uses of IoT technologies and health digital solutions such as the Holo Doctor for telemedicine consultations, health robots and drone used to deliver medical equipment, and smart ambulance, stc reviewed smart port solutions that include smart monitoring, crane automation, and the use of smart cameras to support the automation of operational processes in ports.