Page 27 - SAMENA Trends - May-June 2024

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

stc Group Announces the Launch of the Eleventh Batch to Support Digital
Innovation Through inspire

stc Group, the engine of digital cybersecurity with sirar by stc, fintech with program aims to accelerate worldwide
transformation, is thrilled to announce the stc Bank, and IoT with iot squared. Aligned startup’s growth and creating value for
launch the 11th intake of the "inspireU: with Saudi Arabia's Vision 2030, inspireU stc by facilitating the link between stc
General Program" a program designed to aims to diversify the economy and foster ecosystem startups, offering international
propel early stage startups forward. With digital innovation. Through this program, and local promotional exposure, soft-
a focus on strategic domains by having a stc creates a supportive environment for landing support, services from inspireU
specialized tracks on gaming with stc play, startups and enabling entrepreneurs. The partners, office space 24/7, Silicon Valley
expertise, world-class mentoring, and
fundraising support. Since its inception
in 2015, the inspireU program has been
a beacon of success, accelerating and
promoting over 110 digital startups
across diverse fields. These startups have
generated an investments exceeding 1
billion SAR and have developed a market
value of more than 12 billion SAR. This
success has translated into over 600,000
direct and indirect job opportunities,
benefiting a user of more than 40 million
individuals. The program aims also to
impact the region significantly, fostering
innovation and accelerating growth. In
addition, its contribution to the local
and global entrepreneurial landscape is
anticipated to influence the GDP and drive
technological advancements positively.

stc Group Named "Telecom & Digital Service Provider of the Year" at

Economy Middle East Summit 2024

Economy Middle East awarded stc Group
the "Telecom & Digital Service Provider of
the Year" at its 2024 summit. Held in Abu
Dhabi on 1 May, Economy Middle East
brings together a number of Ministers
and industry experts from across the
private and public sectors under the
theme "Accelerating Future Growth". The
program focuses on addressing the key
challenges and opportunities across
banking, finance, technology, hospitality,
tourism, and the future of mobility. The
recognition of stc Group as the leading
Telecom & Digital Service Provider of the
year across the region is a testament to
the Kingdom of Saudi Arabia’s progress in
driving digital transformation, domestically adds to stc Group’s exceptional start to industry events, such as Mobile World
and worldwide. stc Group’s focus on 2024. The 2024 Brand Finance Report Congress and LEAP, stc Group’s honorable
innovative technology expands across named stc Group as the leading telecom recognition from Economy Middle East
digital infrastructure, cloud computing, brand in the Middle East by revenue will continue to catapult the company
cybersecurity, Internet of Things (IoT), and ranked the Group as the 149th forward and empower the Group’s
digital payments, and digital entertainment. most valuable brand globally. Building continued innovation as the region’s
The Economy Middle East Summit award on stc Group’s participation at global leading Telecom & Digital Service Provider.
27 MAY-JUNE 2024