Riyadh - Mubasher: Saudi Telecom Company (stc) was awarded a SAR 3 billion contract with the Syrian Sovereign Fund to implement a telecom infrastructure project, Silklink, in Syria.  

The project aims to enhance telecommunications infrastructure and connect Syria regionally and internationally through the establishment of a fiber-optic network extending over 4,500 kilometers, according to a bourse filing.

It also covers the development of data centers and international submarine cable landing stations.

Meanwhile, telecom operators in Syria and the region will be able to offer advanced communication services, support digital applications, cloud services, and the Internet of Things (IoT), as well as improve internet quality and boost the efficiency of Syria’s digital infrastructure.

This aligns with stc’s strategy to expand its investments in cross-border digital infrastructure and to build a regional connectivity system linking Arab, Asian, and European markets.

Under the joint agreement, the telecom company will hold a 75% stake, while the fund will hold the remaining 25% equity.

The awarding, on 7 February 2026, follows the Tadawul-listed company’s success in winning the competitive process, which was attended by most regional telecommunications companies.

In December 2025, IBM and stc teamed up to enhance quantum-safe cybersecurity solutions across Saudi Arabia's telecommunications sector.