ZAWYA: Saudi Solutions signs $37mln computing deal with Aramco

About this update from Arabian Internet And Communications Services Company

Staff WriterArabian Internet and Communications Services Company, also known as Solutions by STC, has signed a one‑year contract valued at 1.39 billion ($37 million) with Saudi Aramco for the Upstream Supercomputers Project. The project will develop high-performance computing infrastructure to bolster Saudi Aramco’s digital capabilities in areas such as oil and gas exploration and reservoir analysis.The project’s financial impact is expected to begin appearing in the company’s statements from Q1 2027.Writing by Brinda Darasha; editing by Seban Scaria)[email protected]: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

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