STC honors local content partners

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Time: 02 February, 2020

STC’S 9th Partners’ Day ceremony was held at the Hotel Fairmont in Riyadh to honor partners in the company’s ‘Rawafed’ program and ‘DARE’ strategy. The event was attended by 175 partners.

STC Group announced nine new awards to honor their partners in the company’s “Rawafed” program and “DARE” strategy, during the 9th Partners’ Day ceremony at the Hotel Fairmont in Riyadh. The event was attended by Prince Mohammed bin Khaled Al-Abdullah Al-Faisal, chairman of STC Group; Dr. Ghassan bin Abdulrahman Al-Shibil, chairman of Local Content and Governmental Procurement Authority (LCGPA); and Haitham bin Abdul Rahman Al-Ohali, deputy minister of communications and information technology. More than 175 suppliers and partners of the group, and a number of government agencies were present on the occasion.

Al-Shibil lauded the STC Group’s “Rawafed” program, which he said reflects the authority’s goals of developing content, especially through the Local Content Partnerships initiative and the Local Content Coordination Council, which includes the STC Group as a member. He also highlighted the Saudi telecom giant’s initiative to establish innovation centers in cooperation with suppliers, government agencies and research centers, in line with the LCGPA’s goals to localize the industry, transfer knowledge and launch new industries.

“We worked at the LCGPA with our partners at STC Group to harmonize the local content methodology, and to measure the baseline of the telecommunications and information technology sector in cooperation with the Ministry of Communications and Information Technology,” added Al-Shibil.

CEO of STC Group Nasser Al-Nasser said the “Rawafed” program is witnessing remarkable interaction from various STC partners and global suppliers. “Supporting local content is part of the goals set for Vision 2030 and for STC, which plays a vital role in realizing the Kingdom’s vision and goals whether as a digital facilitator or as a local content enhancer,” he added.

Emad Alaoudah, vice president of procurement and support services, said “Rawafed” was launched in 2017 in line with the company’s strategy of promoting localization and innovation in the areas of jobs, manufacturing, and small enterprises.

He said the value of STC purchases from small and medium-sized companies amounted to SR4 billion ($1.07 billion). “The ‘Rawafed’ program succeeded in increasing the percentage of localization of leadership jobs and Saudization … by about 20 percent, which will increase to around 60 percent in the coming years. The company has also been signing agreements with the STC’s top 10 partners,” added Alaoudah.

He said the company sponsored 10 innovative digital projects for Saudi entrepreneurs through the InspireU business incubator, and that the market value of these projects has reached SR300 million.

The “DARE” strategy aims to make STC a world-class digital leader by providing innovative services.

This article was first published in Arab News

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