stc wins SAR 3B project from Syrian Sovereign Fund

Saudi telecom operator stc was awarded a project by the Syrian Sovereign Fund to implement the “Silklink” telecommunication infrastructure project in Syria for SAR 3 billion, according to a statement to Tadawul.

The Silklink project aims to enhance the telecommunications industry infrastructure and connect Syria regionally and internationally by establishing a fiber-optic network extending more than 4,500 kilometers. The project further aims to set up data centers and international submarine telecommunications cable stations.