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Kingdom advances auto industry with 22.5M riyal telecom deal
Salam Telecommunications Union Company "Salam" announced the signing of a strategic framework agreement for five years worth 22.5 million riyals (approximately $6 million) with Sir National Vehicles Company, the first Saudi company for electric vehicle manufacturing and the leading brand of electric vehicles in the Kingdom. Salam will provide Sir with internet and fiber optic services using DWDM technology to support the design, development, manufacturing, and distribution of electric vehicles. This partnership aligns with Sir’s ambitions to support Saudi Arabia’s Vision 2030 for industry diversification and represents an important step within Salam’s digital transformation strategy for the business sector, aiming to enhance telecommunications infrastructure and support the expansion of the electric vehicle industry in the Kingdom.
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