Logo of Arabian Internet and Communications Services Co.
Arabian Internet and Communications Services Co. (solutions) announced today, Oct. 24, signing a number of contracts with stc, a related party, to support building a modern data center in NEOM, according to a bourse filing.
The contracts, valued at SAR 201.3 million, will contribute to supporting NEOM with the data center infrastructure, cloud platform, and other application platforms such as artificial intelligence (AI), big data and Internet services.
The project scope is to design and build digital solutions for NEOM Telco Park’s digital platform as well as data center support starting from the concept to project delivery. It also includes data center campus enablement, system integration, infrastructure services, and physical security solutions, digital platform enabling NEOM to provide private cloud services to its customers, solutions and technology maintenance and support.
The project delivery and implementation will be within one year starting from the contract signing date and providing support services for three years.
The financial impact will reflect starting Q4 2021, the statement noted.
stc is the largest shareholder in the company, with an ownership of 79%.
solutions started trading on the main market as of Sept. 30, under the software and services sector.
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