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Tuesday, 22 November 2016

Saudi Telecom aims for data refuel of oil-led economy

Saudi Telecom aims for data refuel of oil-led economy:
"Saudi Arabia may be more dependent on data pipelines than oil ones in the future, if the head of its state-owned telecoms company achieves his goals.

Khaled Hussain Biyari, chief executive of Saudi Telecom Company or STC, believes it has a key role to play in reducing economic reliance on oil by transforming itself into a regional technology incubator and a capacity hub for US companies such as Facebook and Google.

As the dominant force in the Saudi telecoms market, Dr Biyari said his company would become a “major player” in the transformation of the economy. “The dependence on oil is a curse,” he said of the need to reform."

'via Blog this'