According to the Tadawul announcement dated July 24, 2025, Etihad Atheeb Telecommunication Co.(7040.SA) (GO Telecom) has signed a framework agreement with the Ministry of Communications and Information Technology in the Syrian Arab Republic. The comprehensive five-year agreement outlines cooperation terms for establishing digital infrastructure and supporting digital transformation initiatives in Syria.

Agreement Details
The framework agreement, signed on July 24, 2025 (corresponding to Muharram 29, 1447 AH), encompasses several key components designed to enhance Syria's digital capabilities. The scope includes establishing two data centers, developing cloud computing and backup environments, creating a technology platform to support digital transformation projects, and setting up a cybersecurity center. Additionally, the agreement covers the qualification and training of an integrated team to work alongside the Ministry's personnel.

Financial Scope
According to the Tadawul announcement, the project's total value may reach SAR 1,955,000,000 (one billion nine hundred and fifty-five million Saudi riyals). However, the company noted that the financial impact cannot be determined or assessed at this stage, with further developments and updates to be announced in due course. The specific scope of work, financial compensation, and payment schedule will be determined based on work orders that will be added to the agreement later.

Implementation Framework
The five-year agreement establishes that all activities will be carried out according to technical specifications and obligations outlined in the agreement and its annexes. The implementation mechanism will involve agreements and contracts signed between the parties and the funding entity to determine financial compensation structures.

Strategic Significance
According to the Tadawul announcement, this framework agreement represents part of GO Telecom's efforts to expand regionally and contribute to developing the region's digital infrastructure, aligning with the company's strategic directions. The partnership aims to support Syria's digital transformation through comprehensive infrastructure development and cybersecurity enhancement initiatives.

The agreement positions GO Telecom as a key partner in Syria's digital infrastructure modernization, potentially opening new revenue streams and regional expansion opportunities for the Saudi telecommunications company.