Arabian Internet and Communications Services Co. (solutions) announced the signing of a major agreement with center3, valued at approximately $69.8 million, to provide data-center hosting services across multiple regions within the Kingdom over a five-year term.

According to the company’s statement to Tadawul, the agreement is designed to strengthen solutions’ cloud service portfolio, enhance the operational readiness of its digital infrastructure, and support the growing demand for advanced IT services in the Saudi market. The collaboration aims to reinforce the company’s position as a leading provider of integrated technology solutions in the region.

solutions stated that the contract will span five years, with the financial impact expected to appear starting from Q4 2025 and continue throughout the duration of the agreement. This strategic step aligns with the company’s commitment to expanding its capabilities and improving service availability for enterprise customers.

center3 will be responsible for delivering data-center hosting services across multiple geographic locations within the Kingdom, supporting business continuity and raising service availability standards. The initiative is expected to boost the company’s competitive edge and enhance its role in the region’s rapidly evolving digital ecosystem.

The company added that the agreement qualifies as a related-party transaction due to stc’s ownership structure, holding 79% of solutions and 100% of center3, reinforcing operational synergy across the STC Group.