Saudi Telecom Company
Saudi Arabia's dominant telecommunications operator.
Saudi Telecom Company (STC) is Saudi Arabia's dominant telecom group, whose subsidiary solutions signed a SAR 364m contract on 3 August 2026 with fellow STC unit Center3 to build the Dammam data centre DDC307.
Last refreshed: 14 August 2026 · Appears in 1 active topic
Why is Saudi Telecom's own subsidiary paying another STC unit to build a data centre?
Timeline for Saudi Telecom Company
solutions wins SAR 364m Dammam build
Data Centres: Boom and BacklashBackground
Saudi Telecom Company (STC) is Saudi Arabia's dominant telecom group, majority owner of both Arabian Internet and Communications Services Company, trading as 'solutions', and infrastructure Arm Center3.
On 3 August 2026, solutions signed a SAR 364m contract with Center3 to build data-centre facility DDC307 in Dammam. For STC, the deal is not new business won so much as one part of the group building for another: the same shareholder capital funds both the contractor and the customer, so the wider group expands its own compute infrastructure without touching the open market .
STC frames the build as ordinary internal capacity expansion rather than a commercial win against outside competition; financial impact is expected from the first quarter of 2027.