Saudi Arabia, Four Countries Sign Cybersecurity MoUs

The 2023 edition of the Global Cybersecurity Forum, held in Riyadh
The 2023 edition of the Global Cybersecurity Forum, held in Riyadh
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Saudi Arabia, Four Countries Sign Cybersecurity MoUs

The 2023 edition of the Global Cybersecurity Forum, held in Riyadh
The 2023 edition of the Global Cybersecurity Forum, held in Riyadh

Saudi Arabia’s National Cybersecurity Authority (NCA) signed four memoranda of understanding (MoUs) for cooperation in cybersecurity with national bodies in Qatar, Romania, Spain, and Kuwait on the sidelines of the third edition of the Global Cybersecurity Forum (GCF).

The MoUs were signed between the Saudi NCA and Qatar’s National Cyber Security Agency (NCSA), Romania’s National Cyber Security Directorate (DNSC), the Spanish National Cybersecurity Institute (INCIBE), and Kuwait’s National Cyber Security Center (NCSC).

The 2023 edition of the Global Cybersecurity Forum, held in Riyadh under the theme “Charting Shared Priorities in Cyberspace,” concluded Thursday after heavy global participation, including 150 high-level speakers and attendees from 120 countries.
The two-day GCF served as a platform for discussing strategic orientations and crucial international issues in the cyberspace domain.

Participants from around the world engaged in dialogue on cooperation and unified efforts in cybersecurity and discussed maximizing opportunities, transferring knowledge, and enhancing human and technical capabilities in the sector.

The forum featured 35 discussion sessions, attended by decision-makers, CEOs, and senior officials from the public and private sectors at both the local and international levels.



Local Content in Saudi Government Projects Rises to 47% by Q3

Al-Falih said that local content policies are integral to the state’s strategy. (SPA)
Al-Falih said that local content policies are integral to the state’s strategy. (SPA)
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Local Content in Saudi Government Projects Rises to 47% by Q3

Al-Falih said that local content policies are integral to the state’s strategy. (SPA)
Al-Falih said that local content policies are integral to the state’s strategy. (SPA)

The proportion of local content in Saudi government projects has grown significantly, rising from 33% in 2020 to approximately 47% by the end of the third quarter of this year. This progress was announced by Minister of Industry and Mineral Resources Bandar Al-Khorayef during a ministerial session titled, Future Trends in Light of Vision 2030, at the second edition of the Local Content Forum 2024.

Tourism Minister Ahmed Al-Khateeb emphasized that tourism is a cornerstone of Vision 2030, stating: “We aim to localize investment spending with the support of national institutions.”

He also outlined plans to increase the tourism sector’s contribution to the national economy from 3% in 2019 to 10%.

Al-Khateeb underscored the collaborative efforts underway with the private sector to develop the tourism industry.

For his part, Investment Minister Khalid Al-Falih highlighted that local content policies have been integral to the state’s strategy since its founding. He stressed that enhancing the competitiveness of local companies plays a vital role in advancing localization efforts.

Minister of Municipal and Rural Affairs and Housing Majed Al-Hogail stated that increasing local content is part of a long-term plan, noting that 70% of home construction technologies are now manufactured locally.

In turn, Economy and Planning Minister Faisal Al-Ibrahim explained that boosting local content helps drive economic growth. He emphasized that import substitution presents a valuable opportunity to support domestic products and balance trade.