Saudi Telecom Company (stc) announces telecommunications infrastructure project award with Syrian Sovereign Fund

The awarding of this project follows stc’s success in winning the competitive process, which was attended by most regional telecommunications companies.

The project will contribute to providing high data transfer capacities and improved network reliability, enabling telecom operators in Syria and the region to offer advanced communication services, support digital applications, cloud services, and the Internet of Things (IoT), as well as improve internet quality and enhance the efficiency of Syria’s digital infrastructure.

The Silklink project represents an extension of stc’s strategy to expand its investments in cross-border digital infrastructure and to build a regional connectivity system linking Arab, Asian and European markets, which reinforces stc's position as a leading digital enabler in the region and supports its plans to achieve sustainable growth in the telecommunications and digital services sectors.

It is worth noting that the project will be through a partnership with the Syrian Sovereign Fund, in which stc will hold a 75% stake, while the fund will hold 25%.