Olayan Saudi Holding Company and SCCC Alibaba Cloud Sign MoU to Explore Investment Opportunities and Offer Cloud Services in Saudi Arabia
Riyadh, Saudi Arabia – 08 January 2023: The Olayan Saudi Holding Company (OSHCO) signed a memorandum of understanding (MoU) to establish a strategic partnership with the Saudi Cloud Computing Company (SCCC Alibaba Cloud), Saudi Arabia’s first and largest hyperscaler cloud service provider.
The partnership aims to identify promising investment opportunities and provide public cloud computing services in the Kingdom.
The MoU was signed by Eng. Talal Albakr, the Chief Executive Officer of SCCC Alibaba Cloud, and Uwaidh Al-Harethi, his counterpart at OSHCO, with officials from both sides present.
Mr. Albakr hailed the key role that cloud computing plays in the Saudi government’s strong drive for digital transformation and for the widespread adoption of cloud computing across both the public and the private sectors, pointing out that SCCC Alibaba Cloud is actively working to bring global hyperscaler cloud to the Kingdom through cutting-edge cloud products and solutions.
Mr. Al-Harethi said that the partnership underpins OSHCO’s ongoing commitment to be at the forefront of efforts to drive technology development and deployment, adding that the new collaboration would harness the unique strengths of both parties to expedite national digital transformation in line with Vision 2030’s goals.
Abdulrazzak Hussain, Vice President of Information and Communication Technology at OSHCO, underlined the importance of providing fast, high-capacity, secure online cloud services in the Kingdom.
About Olayan Saudi Holding Company
Olayan Saudi Holding Company’s journey into existence began in 1947 when its founder, Suliman S. Olayan, established his first company which later became one of many that comprise Olayan Saudi Holding Company, a Saudi-based diversified business enterprise with commercial and industrial operations spread across Saudi Arabia and the wider Middle East and North Africa regions. The company’s portfolio includes more than 25 companies operating in six sectors, namely, food and beverages, restaurants, health and personal care, information and communications technology (ICT), energy and B2B.
A partner of choice for over 75 years and an employer of choice, to over 14,000 qualified professionals from different nationalities and backgrounds in its inclusive and diverse workplaces. With a commitment to a responsible and sustainable approach to business, Olayan Saudi Holding Company has a strong focus on its environmental and social impact as well as ensuring the highest level of governance. Olayan Saudi Holding Company proudly invests in local businesses and suppliers, and actively contributes to the development of the Saudi market and its industries, having introduced many major international brands and manufacturing industries that touch almost all aspects of life.
About the Saudi Cloud Computing Company, SCCC Alibaba Cloud
Saudi Cloud Computing Company (SCCC Alibaba Cloud) is the first and largest global hyperscaler cloud in the Kingdom. It was established through a strategic joint venture of STC Group, Alibaba Cloud, eWTP Arabia Capital, Saudi Artificial Intelligence Company (SCAI), and Saudi Information Technology Company (SITE). The company provides various cloud computing services for infrastructure and platforms through two data centers located in Riyadh.