STC has highest mobile download speed in KSA: CITC

STC has the highest mobile download speed in the Kingdom, with a 5G network that reaches a speed of 342.35 MB/s, according to the 2020 Q4 Meqyas report.
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Updated 14 February 2021
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STC has highest mobile download speed in KSA: CITC

The Communications and Information Technology Commission (CITC) has announced that Saudi Telecom Company (STC) has the highest mobile download speed in the Kingdom, with a 5G network that reaches a speed of 342.35 MB/s. This was revealed in the 2020 Q4 Meqyas report on the average download speeds for 5G networks.
Meqyas, an initiative of the CITC, compares the speeds of service providers in the Kingdom for download, upload and 5G, ranking the best performing operators in each region and covering the most commonly used applications and video games.
STC has deployed its 5G network in more than 47 cities across the Kingdom in a plan to strengthen its leadership in reliable mobile coverage and deploy the largest advanced 5G network in the Middle East. According to the telecom operator, the next phase will see the expansion of the 5G network in Saudi Arabia, increasing its reach to more than 71 cities.
“STC will continue to pursue its market leadership in the field of new and advanced technologies to achieve a significant and comprehensive expansion of its 5G network, while also developing its advanced 4G network,” a statement said.

HIGHLIGHTS

• STC has currently deployed its 5G network in more than 47 cities across the Kingdom.

• The next phase will see the expansion of the 5G network in Saudi Arabia, increasing its reach to more than 71 cities.

“The company is also working on further enriching its customer experience and on continuing the development of a reliable and advanced digital network and infrastructure that represent the backbone of various sectors and industries. This will be done in parallel with the company’s DARE strategy, which is aligned with the Kingdom’s Vision 2030.”
STC recently received the Ookla Speedtest award for the best mobile network in the Kingdom for Q3 and Q4 of 2020. It also ranked first in terms of average mobile data download speeds for the same period, according to the CITC’s Meqyas report.

The Opensignal Global Report ranked STC among the top global companies with the most improved downloading speed experiences.
Moreover, STC has surpassed its counterparts in the region to become the most valuable brand in the Middle East’s telecommunications sector, and the third most valuable brand in all sectors behind Aramco and ADNOC, according to the Brand Finance Global 500 2021 report released last month.
The telecom giant is the region’s fastest-growing brand, its brand value up an impressive 14 percent to $9.2 billion and simultaneously jumping 51 positions to 189th, making STC the second fastest-growing brand among the 20 largest global telecommunications companies, and earning the company an AAA-brand ranking.


25,000 attend Social Development Bank’s DeveGO25 forum

Updated 27 December 2025
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25,000 attend Social Development Bank’s DeveGO25 forum

The Social Development Bank concluded the second edition of the Entrepreneurship and Modern Business Practices Forum — DeveGo 2025 — announcing the achievement of high-impact outcomes that further reinforced the forum’s position as the largest national platform in the region dedicated to entrepreneurship, innovation, and freelance work in Saudi Arabia and beyond. 

The forum witnessed broad participation from local and international experts, investors, entrepreneurs, and representatives of local, regional, and international institutions.

Over three days at the King Abdulaziz International Conference Center, the forum drew 25,000 participants and visitors, who benefited from over 45 specialized workshops and over 2500 advisory sessions delivered by more than 70 consultants and experts. 

The sessions covered key areas including entrepreneurial planning, business models, venture capital, digital platforms, freelancing, and emerging technologies. 

The forum also featured 20 panel discussions with leading local and international speakers, addressing major global trends in entrepreneurship, including the future of artificial intelligence, the creative economy, digital transformation, and venture investment. 

The forum saw the launch of the Saudi Empretec Fellowship, in the presence of Rebeca Grynspan, secretary-general of the UN Conference on Trade and Development. 

The partners in success within the Social Responsibility Portfolio supporting entrepreneurs were honored. 

It also saw the honoring of 13 winners of the Handicrafts Competition, representing various regions of the Kingdom, the announcement of winners of the Salam Award for Promising Projects, and the recognition of leading entrepreneurial projects fund under the Enterprises Track. 

In addition, the NEXT UP Challenge concluded on the third day of the forum with 20 startups presenting their projects to more than 500 investors, enhancing opportunities for networking and partnership building.

As part of efforts to strengthen the support ecosystem, the forum witnessed the signing of 51 agreements, along with the launch of a suite of new financing products. These included the Capital Expansion Product with a ceiling of up to SR10 million, the Payroll Product with a ceiling of SR2 million, and the Rental Product with a ceiling of SR1.5 million, aimed at supporting enterprises in asset development and covering operational costs. 

This reflects the bank’s direction toward offering more specialized financing tools that respond effectively to market needs.

The forum concluded by reaffirming its role as a unifying national platform for entrepreneurship, where accompanying activities and events provided direct engagement opportunities between entrepreneurs, investors, and experts. 

The forum also highlighted success stories and practical experiences that reflect the scale of entrepreneurial momentum in the Kingdom and the growing role of the Social Development Bank in supporting a national economy driven by innovation and knowledge.