The Saudi Telecom Company “STC” announced that it will invest $ 500 million in the field of cloud services in the next five years.

She added in a statement today, Monday, on her “Twitter” account that this investment will be in cooperation with the “eWTP Arabia Capital” investment fund and “Alibaba Cloud”.

She noted that this investment aims to “strengthen the infrastructure and accelerate the growth of the local digital economy in the field of artificial intelligence, computing and entrepreneurship.”