Space Communication for Information Technology Group (SCIT) has signed a Memorandum of Understanding (MoU) with Xenesis for a potential strategic partnership toward an exclusive, regional, Networking-as-a-Service partnership that prioritizes the Middle East, Africa, Turkey and India.
Led by SCIT Group, the MoU positions Xenesis and SCIT as leaders in digital infrastructure with a focus on global data movement through sustainable and scalable state-of-the-art technologies. The objectives of this MoU and the associated potential investment to be raised are exploring and identifying the areas of cooperation between Xenesis and SCIT Group that fulfill the region’s global activity ambitions. These efforts are focused on…
- Developing the local echo system leading the transfer of know-how to Saudi Arabia by introducing the latest satellite & laser technologies being first in space of MEA, estimating to move 4.5 Tb/s of data through the entire constellation through the SCIT innovation hub the SCIT AIH.
- Jointly developing a global network infrastructure concept, having the GCC as the key pilot region with Saudi Arabia being the anchor country to introduce a new LEO based satellite service provider concept
- Cooperating with regional & global infrastructure service providers, using the proposed high-speed data to unlock potential connectivity and speed gaps.
- Locally partnering with key Saudi investment bodies on creating a new manufacturing facility in the kingdom of Saudi Arabia to locally assemble and manufacture key satellite and laser components which aligns with the Saudi Arabia 2030 vision strategic objectives.
Headquartered in the Kingdom of Saudi Arabia, SCIT Group is driven by a strong belief in the power of technology to transform industries, solve complex challenges, and improve people’s lives by focusing on the region’s challenges and finding alignment with Xenesis and other SCIT partners.
SCIT Group Supervisory Executive Board Member, Mohamed K. AbdelRehim, said, “we at SCIT Group are pleased to announce our MOU with Xenesis to enable our ambition to bring forward advanced technologies, paving the road for Saudi Arabia to be the region 1st in Laser & Satellite Technology, both on Earth and in space, now well into the future.”
Xenesis CEO, Mark La Penna, said, “The next generation of telecommunications, via laser-optics in space, is here. We are focusing on moving data around the planet 25% faster, and more secure, than undersea cables or other legacy technologies… and we look forward to finding alignment with SCIT to support the Middle East, Africa, Turkey and India.”
Xenesis, is an unregulated telecommunications services provider, offering Networking-as-a-Service specializing in ultra-low latency/high-capacity data-agnostic data transport. Relative to alignment with SCIT and the MOU,