KT, formerly known as Korea Telecom, has signed a Memorandum of Understanding with Hyundai Engineering & Construction (Hyundai E&C) and STC Group, the parent company of Saudi Telecom, for a 50-year digital transformation project in Saudi Arabia. Announced at the recent Korea-Saudi 50th Anniversary Construction Cooperation Event, the companies will be teaming up to construct data centers and lay out the IT groundwork for a smart city in Saudi Arabia. Details about the data center have not been provided,
The Saudi Vision 2030 reform plan was announced in 2016 and intends to diversify Saudi Arabia's oil-centric framework, with a priority placed on smart infrastructure and digital transformation.
Prior to the anniversary event and signing of the MoU, KT also met with the Governor H.E Communications and Space Technology Committee and high-ranking officials from the Ministry of Information and Communication Technology (MCIT) to discuss future cooperation on data centers, autonomous driving, and research and development.
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