MEED | Saudi Arabia plans $1 trillion capital meed.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from meed.com Daily Mail and Mail on Sunday newspapers.
RIYADH: Saudi telecom Co., now known as stc, has partnered with a consortium, led by eWTP Arabia Capital, to set up a cloud computing unit with SR894 million ($238 million) capital. stc will take 55 percent stake in the company with SR492 million investment, whereas eWTPA will hold a 27 percent stake. Alibaba Cloud Singapore will come on board with a 10 percent stake while