Zain KSA CEO says investment in data centers to drive booming economy

Sultan Al-Deghaither CEO of Zain KSA

Mobile Telecommunication Co. Saudi Arabia (Zain KSA) sees an opportunity to invest in data centers, which are key enablers of future technologies such as cloud computing, big data and artificial intelligence to drive a prosperous economy, said CEO Sultan Al-Deghaither.

Data centers are an essential element to keep pace with the Kingdom's aspirations, access the Vision 2030 programs, and benefit from the Kingdom's geographical location in connecting the world.

These statements came in a panel session held to discuss localization of major industries in the Kingdom, during Shareek’s ceremony to announce the first package of supported projects for large companies.

The CEO further explained that the telecom operator aims to make this investment an enabler for the Kingdom to be the beating heart of digital content worldwide.

He pointed out that Shareek program enables the formation of an economic partnership between the public and private sectors.

In addition, the presence of solid infrastructure in the communications sector has helped the Kingdom rank among the 10 fastest countries in internet speeds, according to global reports, while maintaining such gain despite the surge in average data consumption, he added.

In the Shareek ceremony, 12 projects were announced for eight companies, in four sectors. The total value of these projects stands at nearly SAR 192 billion, Argaam reported.