Edarat Signs Contract to Provide Cloud Services to NEOM for SAR 8.6 Million

Edarat Communication and Information Technology Co. (EDARAT) announced on Sunday the receipt of a new purchase order for an existing Cloud Services contract with NEOM to provide Infrastructure as a Service (IaaS) and Platform as a Service (PaaS), for 8.6 million riyals.

According to the statement published on “Tadawul”, the new purchase order is an extension of an existing contract announced on May 10, 2023 to provide Cloud Services to NEOM.

The Company said that the contract period is 12 months, expecting this contract to have a positive financial impact on its financial statements starting from the fourth quarter of 2024.