SAGIA classifies Sadara as strategic

SAGIA classifies Sadara as strategic
Updated 21 June 2015

SAGIA classifies Sadara as strategic

SAGIA classifies Sadara as strategic

Sadara Chemical Company (Sadara) has been classified as strategic by the Saudi Arabian General Investment Authority (SAGIA), the governmental entity established to oversee investment affairs in the Kingdom of Saudi Arabia. This puts Sadara in the highest classification category achievable under SAGIA’s current investment rankings.
This classification of Sadara’s investment status is in recognition of its commitment to enhancing the value of its investments in the petrochemical and chemical sectors of Saudi Arabia. This is also recognition of Sadara’s success in bringing associated investments into the Kingdom, providing significant employment opportunities for Saudi nationals, and driving further development of the industry or associated industries, according to SAGIA.
“We are pleased to have achieved the highest ranking with SAGIA and their recognition of Sadara’s positive impact on the Saudi economy,” said Ziad Al-Labban, CEO of Sadara. “We are driven by the support tendered to us by our stakeholders, Saudi Aramco and The Dow Chemical Company, and are committed to continuing to contribute to the enhancement and strengthening of the Kingdom’s value creation opportunities.”
“I would also like to thank SAGIA for its support of Sadara and its active role in helping the project achieve the successes it has to date,” Al-Labban added.
The evaluation criteria included a detailed appraisal of various aspects of Sadara and its business. This includes the transfer and localization of technological knowledge, diversification of the Kingdom’s economy, increasing exports and decreasing imports; developing local human resources, reinforcing and boosting the economic competitiveness of local products in both domestic and international markets, and encouraging balanced development of the various regions of the Kingdom.


ITC launches 5G standalone network for enterprise customers

ITC launches 5G standalone network for enterprise customers
Updated 14 January 2021

ITC launches 5G standalone network for enterprise customers

ITC launches 5G standalone network for enterprise customers
  • ITC is the first operator in the Kingdom to launch a 5G standalone (SA) network
  • Aims to provide cutting-edge fixed wireless access (FWA) services to enterprise customers

Integrated Telecom Company (ITC), a provider of telecom and ICT services, has soft-launched its 5G wireless network service in Saudi Arabia, with the aim of providing cutting-edge fixed wireless access (FWA) services to enterprise customers.

ITC is the first operator in the Kingdom to launch a 5G standalone (SA) network — the latest version of 5G, which works fully on a 5G core network without the use of any legacy (4G or earlier) technologies. Essentially, it is pure 5G end-to-end.

The launch is part of ITC’s commitment to the digital transformation of industry verticals such as oil and gas, education, healthcare, IoT, gaming, and entertainment in the Kingdom. ITC has a wider deployment plan of FWA services across the Kingdom, delivered in stages, with various new services and applications.

“This new service is another milestone for ITC to address growing market demand in areas that lack fiber coverage and lead in a new generation of service offerings enabled by 5G,” said Osama Al-Dosary, CEO of ITC.

He added: “We appreciate the enablement the CITC has given for this initiative, which is in line with the Kingdom’s digital transformation and increasing internet coverage objectives, moving us closer toward the realization of the Kingdom’s Vision 2030.”