KT, formerly known as Korea Telecom, has signed a Memorandum of Understanding with Hyundai Engineering & Construction (Hyundai E&C) and STC Group, the parent company of Saudi Telecom, for a 50-year digital transformation project in Saudi Arabia. Announced at the recent Korea-Saudi 50th Anniversary Construction Cooperation Event, the companies will be teaming up to construct data centers and lay out the IT groundwork for a smart city in Saudi Arabia. Details about the data center have not been provided, DCD has contacted KT for further information. – STC Group via LinkedIn The group will use KT’s digital transformation capabilities, Hyundai E&C’s smart construction, and STC Group’s networking infrastructure for the effort in line with the kingdom’s "Saudi Vision 2030." The Saudi Vision 2030 reform plan was announced in 2016 and intends to diversify Saudi Arabia’s oil-centric framework, with a priority placed on smart infrastructure and digital transformation. “It is an immense honor for us to represent the Korean ICT companies in the realm of economic cooperation between Korea and Saudi Arabia,” said Kim Young Shub, CEO of KT. “Leveraging the wealth of business experience and ICT solutions acumen we have cultivated both domestically and overseas, we are eager to […]
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