STC to bear the cost of SME services suspension

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Updated 18 March 2020

STC to bear the cost of SME services suspension

STC has announced that it will bear the cost of the temporary suspension fees for SME services on behalf of enterprises that wish to temporarily suspend their services until the end of April. The telecom operator has also said that it will double the data capacity for its Quicknet prepaid packages without any additional charges.
These steps are in response to the Saudi government’s directives to mitigate the financial impacts that may affect this vital sector in light of the current measures taken to limit the spread of COVID-19, and as part of the work-from-home initiatives launched in cooperation with a number of government, private, and distance education entities.
“STC has taken this step to support the educational process and enable employees of government and private entities to fulfill their work duties in light of the precautionary measures taken by the Kingdom of Saudi Arabia to address the threat of coronavirus (COVID-19), which include suspending all educational institutions, and urging many entities to work remotely,” the telecom giant said.

HIGHLIGHT

The data capacity of the Quicknet 10 GB, 50 GB and 100 GB packages has been automatically doubled, without requiring any additional fees.

“STC has doubled the internet data bundles during this period as a response to the growing need for data at the moment, especially with the majority of customers relying more on managing many of their daily affairs remotely through the internet. STC stresses its commitment to meeting the customers’ growing needs by providing them with quality communication services that suit their lifestyles.”
The data capacity of the Quicknet 10 GB, 50 GB and 100 GB packages has been automatically doubled, without requiring any additional fees. Existing or new Quicknet prepaid customers can benefit from this offer until May 16.
The company recently launched digital solutions to facilitate access to a number of online educational and health platforms for free and without consuming any data, as part of the company’s heightened sense of social responsibility.


5th MITEF Saudi Startup Competition kicks off

Updated 17 September 2020

5th MITEF Saudi Startup Competition kicks off

The MIT Enterprise Forum Saudi Arabia, part of MIT Enterprise Forum global network, announced the launch of registration for the MITEF Saudi Startup Competition under the slogan “Innovate, Inspire, Connect.” A fully digital version that simulates a real event, this year’s competition is held in challenging atmospheres in light of the global health crisis, and the competition’s commitment to continue supporting entrepreneurs in Saudi Arabia to overcome the current challenges, and promoting innovation processes in the Kingdom.

Registration for the 5th edition opened on Sept. 15 through the competition website, and will continue until Dec. 10. Saudi and non-Saudi entrepreneurs of all ages and economic sectors can apply to participate within one of the three contest tracks: Ideas track, startups track, and the social enterprises track, according to the terms of the competition.

Hassan Jameel, president Saudi Arabia, Community Jameel, said: “The MITEF Saudi Startup Competition continues to be a hugely significant annual event, attracting thousands of entrepreneurs from across the Kingdom. Given the current global challenges, our mission to support young Saudi talent and to help small businesses develop, is now more important than ever. I would strongly encourage entrepreneurs from all sectors to register for what promises to be another outstanding event.”

Since its launch in 2015, the MITEF Saudi Startup Competition has succeeded in attracting more than 7,500 participants from all over the Kingdom, establishing more than 45 startup projects, training more than 260 entrepreneurs and creating more than 110 job opportunities through the startups. The winners received a total of SR1.6 million ($426,500) in the form of free investments. In the Startup Investment Forum, which was held during the 4th edition of the MITEF Saudi Startup Competition over a period of three days, the event hosted 65 innovative startups from around the world, including the UAE, Egypt, Lebanon, Turkey, Greece, and Poland, in addition to 27 innovative startups participating in the MITEF Saudi Startup Competition 2019-2020.

The MITEF Saudi Startup Competition is organized by the MIT Enterprise Forum (MITEF) Saudi Arabia, a branch of MIT Enterprise Forum global network, in collaboration with Bab Rizq Jameel, an initiative of Community Jameel. The competition aims to promote and enrich the entrepreneurial environment in Saudi Arabia by supporting and celebrating all startups and entrepreneurs in the Kingdom.