stc Group extends multi-year partnership with FORMULA 1® to drive STC SAUDI ARABIAN GRAND PRIX into the future

Logo of stc

Riyadh, 20 February 2024: stc Group, engine of digital transformation, and Formula 1®, have today announced a multi-year extension of their strategic partnership, which is set to take the FORMULA 1® STC SAUDI ARABIAN GRAND PRIX into a new era of innovation.

The agreement will see the Group continue as the title sponsor for the FORMULA 1® STC SAUDI ARABIAN GRAND PRIX, and transform the race experience with high-speed connectivity through its fifth-generation networks.

stc Group is ushering in the  technology of the future at the FORMULA 1® STC SAUDI ARABIAN GRAND PRIX,, with fixed mobile 5G communication towers and 5G internet speeds of up to 1.5 gigabytes per second. These cutting-edge digital offerings will connect racers, teams and fans under the theme “limitless drive”.

Olayan Alwetaid, stc Group CEO, commented, “The extension of our strategic partnership with Formula 1 will take the FORMULA 1® STC SAUDI ARABIAN GRAND PRIX into the future. We look forward to continuing to provide seamless, world-class connectivity at the race this year under the theme “limitless drive”,  and we are proud of our support for Formula 1 over the last three years. With our suite of innovative products and solutions, stc Group is driving digital transformation across different sectors. The extension of this partnership reinforces our commitment to delivering world-class connectivity at major events and ultimately connecting the world through technology.”

Stefano Domenicali, CEO Formula 1, said, “Formula 1 fans at the race weekend in Jeddah can expect high speeds on the track and fantastic fan experience off it. As we continue to grow our sport around the world, the support of high quality technology partners is invaluable, so we are delighted to extend our relationship with stc.”