Saudi Arabia, Egypt Sign Agreement on Maritime Connectivity at Global Logistics Forum

Saudi Minister of Transport and Logistic Services and Chairman of the Board of Directors of the Transport General Authority Saleh Al-Jasser and Egypt’s Minister of Transport and Industry Lieutenant General Kamel Al-Wazir signed the MoU on the sidelines of the first edition of the Global Logistics Forum in Riyadh. (SPA)
Saudi Minister of Transport and Logistic Services and Chairman of the Board of Directors of the Transport General Authority Saleh Al-Jasser and Egypt’s Minister of Transport and Industry Lieutenant General Kamel Al-Wazir signed the MoU on the sidelines of the first edition of the Global Logistics Forum in Riyadh. (SPA)
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Saudi Arabia, Egypt Sign Agreement on Maritime Connectivity at Global Logistics Forum

Saudi Minister of Transport and Logistic Services and Chairman of the Board of Directors of the Transport General Authority Saleh Al-Jasser and Egypt’s Minister of Transport and Industry Lieutenant General Kamel Al-Wazir signed the MoU on the sidelines of the first edition of the Global Logistics Forum in Riyadh. (SPA)
Saudi Minister of Transport and Logistic Services and Chairman of the Board of Directors of the Transport General Authority Saleh Al-Jasser and Egypt’s Minister of Transport and Industry Lieutenant General Kamel Al-Wazir signed the MoU on the sidelines of the first edition of the Global Logistics Forum in Riyadh. (SPA)

Saudi Arabia and Egypt signed on Monday a memorandum of understanding on maritime connectivity.

Saudi Minister of Transport and Logistic Services and Chairman of the Board of Directors of the Transport General Authority Saleh Al-Jasser and Egypt’s Minister of Transport and Industry Lieutenant General Kamel Al-Wazir signed the MoU on the sidelines of the first edition of the Global Logistics Forum in Riyadh.

The forum is being held from October 12 to 14 under the slogan "Reshaping the Global Map of Logistics".

The MoU will boost cooperation and joint work in maritime connectivity for passenger transport. It stipulates exchange of expertise to qualify specialized cadres in emerging fields, develop the quality and efficiency of maritime transport services, and improve the experience of their beneficiaries.

The areas of cooperation include yacht and marine passenger ship transport activities, as well as passenger ferries.

Attending the forum were ministers and senior officials, leaders of international organizations and industrial unions, as well as experts, academics and analysts.

With 130 speakers and 80 exhibitors representing 30 countries, the forum showcases a wide range of perspectives and expertise.



25 French Companies Offer Partnership Opportunities with Saudi Arabia in Cyber Security

Officials are seen at the Saudi-French security conference in Riyadh. (Asharq Al-Awsat)
Officials are seen at the Saudi-French security conference in Riyadh. (Asharq Al-Awsat)
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25 French Companies Offer Partnership Opportunities with Saudi Arabia in Cyber Security

Officials are seen at the Saudi-French security conference in Riyadh. (Asharq Al-Awsat)
Officials are seen at the Saudi-French security conference in Riyadh. (Asharq Al-Awsat)

Twenty-five French companies specializing in cybersecurity have presented significant partnership opportunities with their Saudi counterparts to help bolster the sector.

French and Saudi officials emphasized the substantial investment prospects in security infrastructure during the Saudi-French Security Day program, which kicked off in Riyadh on Sunday and will continue until Tuesday.

The conference highlighted the potential role Riyadh and Paris can play in creating secure cities for the future, aligning with the objectives of Saudi Arabia’s Vision 2030, as the Kingdom prepares to host major international events, including the 2027 Asian Games, Expo 2030, and the 2034 FIFA World Cup.

Rachid Boulaouine, Director of Business France Saudi Arabia, stated during the event that collaborating with French companies offers a valuable opportunity to meet the complex security needs of large-scale events and major projects in the Kingdom.

Saudi Arabia is investing over $15 billion in the rapidly growing cybersecurity market as part of Vision 2030.

In 2023, France’s cybersecurity sector generated over 7 billion euros ($7.6 billion) in revenue, with an annual growth rate of 10%, driven by increased investment in advanced technologies and innovative solutions.

Over the three-day conference, discussions will focus on enhancing bilateral cooperation and fostering partnerships between French companies and key Saudi entities, including King Salman Park, the Diriyah Gate Development Authority, the General Entertainment Authority, and Qiddiya.