Saudi Arabia’s Communications and Information Technology Commission (CITC) on Saturday announced the implementation of a regulatory framework to beef up cybersecurity in the Kingdom.
The “cybersecurity regulatory framework” for service providers in the communications, IT, and postal (services) sector aims to raise the security levels of service providers.
It aims to ensure the implementation of adequate cybersecurity measures according to the best international practices.
In a statement, CITC said the regulatory framework contains a comprehensive set of cybersecurity requirements and controls that will contribute to regulating the communications, IT and postal service sectors.
The framework ensures an increase in the level of confidence in the integrity of the infrastructure of service providers, and the application of best practices to develop appropriate cybersecurity measures.
Meanwhile, the Eastern Province Municipality has presented, through the Municipal Investment Portal "FORAS", new investment opportunities for investors and entrepreneurs.
Mayor of the Eastern Province Fahad Al Jubeir noted that these opportunities fall under a package of 44 investment opportunities in various cities and provinces.
Undersecretary for Investments at the Eastern Province Municipality Eng. Hamdan Al-Aradi said that there are significant changes in the provisions of the regulation on disposing of municipal real estate, both in terms of improving contractual terms, by increasing the contract period from 25 to 50 years and reducing bank guarantees from 100 to 25 percent.
Aradi indicated that optimal utilization of municipal real estate was empowered by investing in public parks within two years of adopting the scheme instead of five years, which would increase the number of parks, raise the standard of residential neighborhoods and improve quality of life.
