Saudi Telecom Co. to Invest $400 Million Expanding Data Centers

Photographer: Tasneem Alsultan/Bloomberg
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Saudi Telecom Co., the biggest telecommunications company in the Middle East, will invest 1.5 billion riyals ($400 million) to build the largest cloud-enabled data center in the region as the oil rich-kingdom seeks to become a center for digitalization, according to a spokesman for the company.

STC, as the firm is known, is implementing the third phase of its data-center program with a facility that has an allocated land area of more than 180,000 square meters, according to a statement.