ARCHIVE

A true symbol of stability, the company has enjoyed eight decades of uninterrupted success, during which it has fine-tuned its expertise

A key driver of Saudi Arabia's transformation from an oil-based economy to a service-oriented one, the telecom sector has experienced commendable developments in the past decade

Commensurate with its sizeable impact on the Saudi economy, STC's Corporate Social Responsibility (CSR) initiatives have targeted some of the most pertinent needs of Saudi society

According to Chairman Abdulaziz AlSugair, a clear corporate vision places employees at the very heart of STC's operations and future prospects, as 'in a world of constantly evolving technologies and ever-changing market strategies, our people are the main strategic advantage that ensures and will continue to ensure STC's leadership and growth.'

The latest entrant and third largest telecommunications operator in Saudi Arabia, Zain KSA has taken the market by storm with its innovation-driven strategy, which has proven to be successful with the predominantly young Saudi population

Saudi Arabia remains the world's largest exporter of crude oil, but developments like the shale gas boom in the US and the fast-growing demand for power domestically are pushing the Saudi government to rethink the way it manages its energy resources

To support the growing demand for electricity, which is expected to triple by 2032, the power sector in Saudi Arabia is transforming as a result of a national plan to diversify the energy mix and improve existing infrastructure

The main players in the kingdom's power sector are the Saudi Electricity Company (SEC), which has a monopoly over the transmission and distribution of electricity and accounts for 75 per cent of power generation capacity, and the Saline Water Conversion Corporation (SWCC), the only significant producer of desalinated water in Saudi Arabia and which also produces electricity

Mainly driven by the government's Ninth Development Plan, the expansion of the Saudi healthcare system targets infrastructure, research capabilities and human capacity development to best serve the needs of the patients

Intrinsically linked to the development of healthcare in Saudi Arabia, the insurance industry is growing as more people understand the benefits of risk protection that Sharia-compliant takaful insurance offers