{"id":2384,"date":"2023-03-21T07:50:00","date_gmt":"2023-03-21T07:50:00","guid":{"rendered":"https:\/\/zain.com\/SR2022\/?page_id=2384"},"modified":"2023-04-11T06:24:56","modified_gmt":"2023-04-11T06:24:56","slug":"17-our-products-and-services","status":"publish","type":"page","link":"https:\/\/zain.com\/SR2022\/17-our-products-and-services\/","title":{"rendered":"17 Our Products and Services"},"content":{"rendered":"\t\t
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Our Products
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Major Milestones<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Establishment of ZainTech by consolidating the company\u2019s different streams to provide enterprises and governments with solutions across the ICT stack, including cloud, cybersecurity, big data, IoT, AI, smart cities, and drones.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Continued to provide the Youth Community Bundle in Sudan, serving 6.2 million users at discounted rates.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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In 2022, there were two reported cases related to breaches of customer privacy, data leaks, theft or loss. The company continues to monitor data privacy and enhance cybersecurity protocols by ensuring its Group-wide data privacy policy is in line with international best practices and development of necessary skills required to further expand this space.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Through the execution of the company\u2019s 4Sight strategy, Zain continued to forge ahead with its digital transformation objectives across its operations with an emphasis on providing inclusive products and services. With the increase of cyber threats and in order to ensure that the company addresses possible risks and safeguards customers\u2019 privacy proactively, Zain enhanced the privacy policy and consolidated its cybersecurity solutions for enterprises and government entities.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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ZainTech<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Zain restructured the ICT solutions it provides by consolidating different streams of the business under a newly formed subsidiary, ZainTech. The company offers a unique value proposition under one roof, providing enterprises and governments with solutions across the ICT stack including cloud, cybersecurity, big data, IoT, AI, smart cities, robotics, drones, and emerging technologies. Headquartered in the United Arab Emirates, ZainTech leverages Zain\u2019s global reach, regional footprint, and infrastructure across its operations in Kuwait, Saudi Arabia, Bahrain, Jordan, Iraq, as well as other key markets in the Middle East and Africa region.<\/p>

The World Bank has reported that a fully digitized economy in the MENA region could lead to a 50% rise in GDP per capita over 30 years. This would have a significant impact on the region\u2019s economy, driving growth and prosperity for businesses and individuals alike.<\/p>

The World Bank report also suggests that digital technologies could double the female labor force participation rate by about 20% over a 30-year period. Furthermore, digitization can also help to eliminate frictional unemployment within 16 years. Frictional unemployment is caused by the time it takes for job seekers to find suitable employment, and can be a significant challenge for many job seekers in the region.<\/p>

As the world continues to become more digital, companies like ZainTech will be at the forefront of driving change and enabling progress in the MENA region and beyond.<\/p>

Challenges faced by ZainTech and how it addressed them<\/h3>

With the fast-paced evolution in digitization and technology, governmental authorities across operating countries are trying to implement stricter controls on data sovereignty, especially when it comes to government entities, financial institutions, and healthcare. Newly established laws and regulations are being constantly issued or updated, some of which lack clear enforcement procedures resulting in potential business implications. <\/p>

To mitigate the challenges of in-country data residency, Zain Tech has a network of Zain local data centers across our countries of operation. By having those centers in place, Zain Tech can ensure direct alignment with each country\u2019s rules and regulations. <\/p>

To mitigate legal and regulatory risk, Zain Tech set in place the following processes: <\/p>