Saudi Arabia Highlights Importance of Global Cooperation to Support World Economy

Saudi Minister of Economy and Planning Faisal bin Fadhil Al-Ibrahim addresses the G20 Development Ministers Meeting. SPA
Saudi Minister of Economy and Planning Faisal bin Fadhil Al-Ibrahim addresses the G20 Development Ministers Meeting. SPA
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Saudi Arabia Highlights Importance of Global Cooperation to Support World Economy

Saudi Minister of Economy and Planning Faisal bin Fadhil Al-Ibrahim addresses the G20 Development Ministers Meeting. SPA
Saudi Minister of Economy and Planning Faisal bin Fadhil Al-Ibrahim addresses the G20 Development Ministers Meeting. SPA

Saudi Minister of Economy and Planning Faisal bin Fadhil Al-Ibrahim has underlined the Kingdom’s steadfast commitment to renewing global cooperation and achieving the 17 UN Sustainable Development Goals (SDGs), the Saudi Press Agency reported.

Al-Ibrahim said the G20 Development Ministers’ Meeting was an opportunity to work more closely and put forward concrete actions to support developing countries and foster inclusive, resilient, socially, economically, and environmentally sustainable recovery efforts and, as the world’s fastest-growing economy, the Kingdom is proud to renew and reaffirm its commitment towards achieving these goals.

“International cooperation is a key priority for the Kingdom, and we remain more committed than ever to work closely with our international partners to achieve the 2030 Agenda and the SDGs,” SPA quoted him as saying.

“To do this, we must restore faith in the multilateral framework. We are fully aligned with the G20 Ministerial vision statement’s claim that multilateralism is not an option but a necessity if we want to create a more equitable, resilient, and sustainable world.”

Saudi Arabia has already taken steps to accelerate its path toward achieving the UN 2030 Agenda and the SDGs.

Rapid and decisive measures taken by the Kingdom’s government have enabled the country to limit the impact of COVID-19 on the economy which set the foundation for today’s robust growth.

In June, the Ministry of Economy and Planning and the United Nations resident Coordinator’s Office in Riyadh signed the United Nations Sustainable Development Cooperation Framework.



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.