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Russia to Work on Saudi Green Initiative, Enhance Strategic Partnership with the Kingdom

Saudi Crown Prince Mohammed bin Salman awarding Kirill Dmitriev, the CEO of the Russian Direct Investment Fund (RDIF) with King Abdulaziz Second-Class Order of Merit (SPA)
Saudi Crown Prince Mohammed bin Salman awarding Kirill Dmitriev, the CEO of the Russian Direct Investment Fund (RDIF) with King Abdulaziz Second-Class Order of Merit (SPA)
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Russia to Work on Saudi Green Initiative, Enhance Strategic Partnership with the Kingdom

Saudi Crown Prince Mohammed bin Salman awarding Kirill Dmitriev, the CEO of the Russian Direct Investment Fund (RDIF) with King Abdulaziz Second-Class Order of Merit (SPA)
Saudi Crown Prince Mohammed bin Salman awarding Kirill Dmitriev, the CEO of the Russian Direct Investment Fund (RDIF) with King Abdulaziz Second-Class Order of Merit (SPA)

Russia will continue working on boosting its strategic partnership with Saudi Arabia in various fields, including the Green Initiative, announced the CEO of the Russian Direct Investment Fund (RDIF), Kirill Dmitriev.

Speaking to Asharq Al-Awsat, Dmitriev said he was impressed with the Saudi Green Initiative that Crown Prince Mohammed bin Salman revealed on Tuesday.

He explained that RDIF, Russia's sovereign fund, is in cooperation with the Saudi Public Investment Fund (PIF) and other investors to implement a number of major projects related to the project.

He stressed that Saudi Arabia remains Russia's international strategic partner, and it is looking forward to new investment deals with the PIF and other Saudi partners, including Aramco, in the fields of energy, health care, technology, and agriculture.

He pointed out that through its partnership with the PIF, the RDIF launched investments worth more than $2.6 billion in more than 30 projects.

The Russian Fund is collaborating with the Saudi Fund on several mega projects, including Saudi Aramco, SABIC, and Salic, in addition to investments with other Saudi partners in 25 new investment projects in various sectors such as petrochemicals, infrastructure, agriculture, and technology.

Dmitriev explained that the areas of partnership between the two countries include other important initiatives such as the program to strengthen partnership with the private sector, which will attract additional capital to the Saudi economy and ensure further growth in future investments.

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Global Cybersecurity Forum 2024 Kicks Off in Riyadh

The Saudi Crown Prince announced the launch of the "Global Security Forum to Protect Children in Cyberspace" during his welcoming speech to the forum's guests. (SPA)
The Saudi Crown Prince announced the launch of the "Global Security Forum to Protect Children in Cyberspace" during his welcoming speech to the forum's guests. (SPA)
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Global Cybersecurity Forum 2024 Kicks Off in Riyadh

The Saudi Crown Prince announced the launch of the "Global Security Forum to Protect Children in Cyberspace" during his welcoming speech to the forum's guests. (SPA)
The Saudi Crown Prince announced the launch of the "Global Security Forum to Protect Children in Cyberspace" during his welcoming speech to the forum's guests. (SPA)

The fourth Global Cybersecurity Forum (GCF) 2024 began in Riyadh on Wednesday. It is organized by Saudi Arabia’s National Cybersecurity Authority, in partnership with the Saudi Information Technology Company (SITE).
Crown Prince Mohammed bin Salman welcomed participants on behalf of King Salman bin Abdulaziz Al Saud. The two-day event, themed “Advancing Collective Action in Cyberspace,” has drawn leaders, policymakers, and experts from over 120 countries.
In a message read at the opening ceremony in Riyadh, the Crown Prince stated: “Cyberspace is closely linked to the growth of economies, the prosperity of societies, the security of individuals, and the stability of nations.”
According to SPA, he noted that due to the cross-border nature of cyberspace, it is essential to harmonize international efforts to seize the opportunities and “face the challenges it presents, by investing in people.”
Welcoming the participants, the Crown Prince said: “The Kingdom of Saudi Arabia has always been a force for good for the benefit of humanity and human prosperity around the world.”
“It has continuously worked to uphold the principle of cooperation and strengthen international collaboration toward efforts that support development and prosperity for all nations. It has initiated several initiatives aimed at achieving these genuine goals in all sectors,” he noted.
“Believing in the importance of investing in people in this vital and promising domain, in 2020 we launched two global initiatives. The first relates to protecting children in cyberspace, and the second focuses on empowering women in the field of cybersecurity,” he added.
“The institute for the Global Cybersecurity Forum is entrusted with overseeing both initiatives, as well as implementing the associated projects,” affirmed the Crown Prince.
He highlighted the progress made by these initiatives, particularly the increased understanding of needs at the global level that has led to new and inspiring visions, enabling the GCF to develop impactful initiatives and programs, publish research and studies, and formulate new frameworks and strategies.
These efforts empower decision-makers worldwide to develop policies and programs that enhance child protection in cyberspace and promote women’s participation in the field of cybersecurity.
The first day of GCF 2024 featured discussions on five main topics: closing cybersecurity gaps, online behavior, the social structure of cyberspace, a thriving cyber economy, and new cyber opportunities.
Key officials, decision-makers, and experts from governments, academia, and global companies took part in the sessions.
The forum is a global platform that brings together leaders from governments, cybersecurity, academia, and NGOs. Its goal is to strengthen international cybersecurity, support economic and social development, and align global efforts in the field.