Saudi Arabian digital enabler STC Group has signed a memorandum of understanding (MoU) with iBasis that aims to support the provision of a global communication experience via IoT technology in the Middle East.

The signing was announced on the sidelines of this week’s Capacity Middle East event in Dubai.

This MoU should enable STC to benefit from iBasis’ capabilities and position in IoT, as it aims to enable developers of IoT technologies in Europe and America to expand the scope of their business in the Mena region.

The two companies will collaborate to create an environment that facilitates the growth of IoT technologies and offers IoT developers flexible communications services for rapid expansion. Furthermore, it aims to boost economic growth and diversify investment opportunities in the region by increasing the contribution of IoT technologies.

This partnership will drive innovation and digital transformation to help evolve telecom services in the region to meet customers’ changing requirements, particularly in the development of the smart device industry. Moreover, it should boost the development of products and services and bolster IoT connectivity in Mena to cater to businesses’ growing needs, while reinforcing alliance and collaboration in creating a more interconnected and inclusive world for future IoT services through fostering digital innovation.

This MoU and STC’s investments in developing digital infrastructure, align with the Saudi Vision 2030 to propel digital transformation and position the country as a global digital hub, bridging the continents of Asia, Africa and Europe.

STC Group (www.stc.com.sa) provides a suite of services encompassing digital infrastructure, cloud computing, cyber security, IoT, artificial intelligence (AI), digital payments, digital media and digital entertainment. The group comprises more than 14 subsidiaries across Saudi Arabia and the Middle and North Africa region, and Europe.

IBasis (ibasis.com) serves more than 1000 customers across 28 locations worldwide.