Oct 28, 2018
Tarig Enaya at the Future Investment Initiative: 10 Billion to Be Invested in Smart Cities in the Next Four Years
Dr. Tarig Enaya, Senior Vice President of the STC Enterprise Business Unit, revealed that smart cities-associated technology investments that will take place in the next four years worldwide will reach USD 158 billion by 2022 in accordance with the IDC Report. The figure is expected to reach USD 2.7 billion (SAR 10.125 billion) in the Middle East and Africa. As part of his participation in the Future Investment Initiative conference, Enaya cited some examples of smart cities’ applications in the emergency, transportation, tourism and security services fields, while pointing out that with the advent of modern, digital technologies, emergency services can, thus, be managed digitally. In this respect, early warning systems - using these techniques - now allow city managers and emergency departments employees to detect and respond to emergencies and disasters quickly and effectively. Whereas in the security field, this technology will facilitate the application of applicable laws, rules and regulations. In this respect, the continuous use of sensors and cameras in public areas would make the police more dependent on effective, digital data. Emphasis will, therefore, be placed on the collection of digital assets to improve the law enforcement process, complete investigation procedures, and manage criminal evidence. According to Enaya, the tourism sector has become more intelligent, by providing real-time, interactive experiences to visitors. In this respect, Enaya referred to Mecca as an example of one of the most visited destinations in the world. Pilgrims are, therefore, guided through the “Manasikana” application in every step of the way, by using a number of different innovative technologies, all put together to that end. While in the transportation field, the various components of the intelligent transport, advanced public transport, intelligent traffic management, intelligent parking and independent vehicles systems would, therefore, ease traffic congestion.
- Saudi Telecom Company (STC) has been elected to the GSMA Board, the world's largest mobile organization
- Tarig Enaya at the Future Investment Initiative: 10 Billion to Be Invested in Smart Cities in the Next Four Years
- STC’s Net Income for Q3 2018 compared to the comparable quarter last year and the 2nd quarter this year increased by 2.9% & 8.1% (respectively), and it distributes SR 1 per share dividends for the 3rd quarter.
- Future Investment Initiative: Al-Nasser urged to innovation and investment to accelerate digital transformation
- STC participating in FII as strategic partners