AICTEC signs MoU with India's AXIS Tech to develop IT infrastructure

11/09/2023 Argaam

Advance International Company for Communication and Information Technology (AICTEC) signed a memorandum of understanding (MoU) with India's AXIS Tech to cooperate in providing products in the field of IT infrastructure, such as data centers, distributed storage, and cybersecurity products in Saudi Arabia, the company said in a statement to Tadawul. 

 

The signing of the MoU came during the Indian-Saudi Investment Forum held during the visit of Crown Prince Mohammed bin Salman to India. 

 

The MoU also aims to benefit from the expertise and efficiency of the Indian company, which has expertise in this field. 

 

The MoU also aims to enhance joint cooperation to increase AICTEC’s work in these areas in Saudi Arabia and achieve its strategic objectives in line with Vision 2030, given AXIS Tech has competence in the said field. 

 

In addition, AICTEC aims to develop the demand for local content to meet the goals of Vision 2030 through the expansion of IT infrastructure and cybersecurity. 

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