Saudi Arabia Continues to Search for Cooperation Opportunities in Digital Economy, Space

Saudi and French officials meet in Paris to discuss cooperation opportunities in digital economy. Asharq Al-Awsat
Saudi and French officials meet in Paris to discuss cooperation opportunities in digital economy. Asharq Al-Awsat
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Saudi Arabia Continues to Search for Cooperation Opportunities in Digital Economy, Space

Saudi and French officials meet in Paris to discuss cooperation opportunities in digital economy. Asharq Al-Awsat
Saudi and French officials meet in Paris to discuss cooperation opportunities in digital economy. Asharq Al-Awsat

Saudi officials have held a series of meetings in search for cooperation opportunities in digital economy, space and innovation.

Saudi Minister of Communications and Information Technology, Eng. Abdullah Al-Swaha, met on Monday in Paris with the French ambassador for Digital Affairs, Henri Verdier, in the presence of the Chief Executive Officer-designate of the Saudi Space Commission, Dr. Muhammad Al-Tamimi, and the designated President of King Abdulaziz City for Technical Sciences, Dr. Munir Al-Desouki.

Discussions focused on strengthening bilateral cooperation between the Kingdom and France on technical and digital transformation, space and innovation.

The meeting also discussed stimulating the growth of the digital economy and the innovation system and accelerating the adoption of modern technologies in the Middle East and North Africa region by relying on the digital and logistical platform provided by the Kingdom as a hub for connecting continents.

In May, Saudi Arabia announced its willingness to search for investment opportunities in the space industry. Al-Swaha, who was newly appointed at the time, stressed that the priority of the commission was to start working on its strategy according to solid and scientific foundations, in coordination with the Council of Economic and Development Affairs.

“The objectives of the strategy will be based on the goals of the Kingdom’s Vision 2030 in the space sector, which emphasizes the importance and vitality of this field, with the aim of taking advantage of the promising opportunities in the space industry to build a knowledge economy based on the latest technologies and innovations,” he said.



Putin Approves Military Focused 2025-2027 Budget

Russian President Vladimir Putin meets with the Governor of the Kirov region in Moscow, Russia, 29 November 2024.  EPA/VYACHESLAV PROKOFIEV / SPUTNIK / KREMLIN POOL
Russian President Vladimir Putin meets with the Governor of the Kirov region in Moscow, Russia, 29 November 2024. EPA/VYACHESLAV PROKOFIEV / SPUTNIK / KREMLIN POOL
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Putin Approves Military Focused 2025-2027 Budget

Russian President Vladimir Putin meets with the Governor of the Kirov region in Moscow, Russia, 29 November 2024.  EPA/VYACHESLAV PROKOFIEV / SPUTNIK / KREMLIN POOL
Russian President Vladimir Putin meets with the Governor of the Kirov region in Moscow, Russia, 29 November 2024. EPA/VYACHESLAV PROKOFIEV / SPUTNIK / KREMLIN POOL

Russian President Vladimir Putin has approved a military focused budget for 2025-2027, a document published on the official legal acts website showed on Sunday.
The state budget for next year includes a 25% hike in military spending but will be the most secretive in post-Soviet history, with almost a third of all spending closed to public scrutiny, Reuters reported.
The government has acknowledged that the needs of what Moscow calls its special military operation in Ukraine and support for the military will remain the budget priority along with social needs and technological development.
The government has presented the draft budget as "balanced", with the deficit falling to 0.5% against this year's projected deficit of 1.7% and state debt remaining below the 20% mark for the next three years.