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Speedcast expands presence in Saudi Arabia

New licenses, facilities and personnel offer advanced connectivity to meet energy demand in the region

Riyadh, Saudi Arabia — May 16, 2023 — Speedcast, a leading IT and communications service provider, today announced that it has significantly expanded its presence in the Kingdom of Saudi Arabia as major changes in the energy market expand opportunities for Middle Eastern manufacturers. Speedcast has long provided communications services to customers through national partners. With requirements in Saudi Arabia and across the region increasing exponentially, Speedcast has made significant progress in this important market by obtaining its Internet Service Provider License from the CST. The company now intends to complement this with additional licenses and permits, which will enable operations and provision of services within the Kingdom.

Speedcast’s new national teleportation facility, which will include office and warehouse space, is under construction to house an iDirect hub, and the company is recruiting management and field services personnel to provide installation, operations and maintenance nationwide.

« Licensing to provide services in Saudi Arabia will add significant strength and flexibility to our efforts and enable us to serve our customers more effectively, » said Joe Spytek, CEO of Speedcast. “This milestone sets the stage for our plans to expand across the region to further meet demands as business increases. This includes expanding our presence in key markets in the Middle East, investing in people and platforms locally to serve our valued customers there. »

Saudi Arabia is one of the fastest growing economies in the world, driven by recent pro-business reforms and rising oil prices. The country is currently the world’s second largest producer of oil and one of the top 10 producers of natural gas. Last year, Saudi Arabia’s public oil and natural gas company announced plans to double the number of offshore and onshore drilling units by 2024.

For more information on Speedcast’s communications services for the oil and gas industry, please visit www.speedcast.com.


About Speedcasts
Speedcast is a leading communications and IT services provider, providing critical communications services to the maritime, energy, mining, media, telecommunications, cruise, NGO, government and corporate sectors. The company leverages its global network platform to deliver fully connected systems that leverage technologies and applications to transform what remote operations can achieve. With the most comprehensive network in the world, Speedcast enables the fastest and most seamless pole-to-pole coverage from a hybrid global satellite, fiber, cellular, microwave, MPLS and IP transport network with direct access to public cloud platforms. The company integrates differentiated technology offerings that provide smarter ways to communicate and deliver content, manage network and remote operations, secure and protect investments, and enhance the crew and guest experience. With a passionate customer focus and strong safety culture, Speedcast serves more than 3,200 customers in over 140 countries. Learn more about www.speedcast.com.

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Speedcast contact:
Alice Wright
Senior Vice President, Global Marketing and Communications