Arab News, Sunday, Feb 05, 2023 | Rajab 14, 1444
Saudi Arabia, Oman to support digital economy growth, invest in underwater cables
Saudi Arabia, Oman : Saudi Arabia and Oman on
Saturday signed an executive program in the field of communications, information
technology infrastructure and undersea cable investments.
The agreement was signed between the Kingdom’s
Ministry of Communications and Information Technology and the sultanate’s
Ministry of Transport, Communications and Information Technology, in the
presence of Saudi Arabia’s Abdullah Al-Swaha, and Oman’s Saeed bin Hamoud
Al-Ma’awali.
“The program aims to exploit the geographical
location of the two countries and promote investment in the submarine and
terrestrial cables that pass through them,” the Saudi press Agency reported.
It would create a common work environment to
enhance cooperation in the field of infrastructure for communications and
information technology services, and high-speed digital interconnection for data
exchange.
The executive program also aims to develop options
for implementing regional digital connectivity through investment entities and
licensed companies, and to expand investment in global data centers and cloud
services that target regional presence to maximize benefit for the region.