Saudi Arabia Highlights Efforts on Promoting Digital Economies

Photo: REUTERS/Steve Marcus
Photo: REUTERS/Steve Marcus
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Saudi Arabia Highlights Efforts on Promoting Digital Economies

Photo: REUTERS/Steve Marcus
Photo: REUTERS/Steve Marcus

Saudi Arabia's representative Prince Dr. Bandar bin Salman bin Mohammed, honorary president of the commercial arbitration center of the Arab Gulf countries, said on Wednesday that the Kingdom has enacted a number of regulations and systems to cope with the accelerating developments in the digital economy field which prevails the world economy and fill the gaps occurring in the field.

Prince Bandar's address came at the opening ceremony of the intentional digital economy forum held in Rabat and organized by the Moroccan Consultants Council, the GCC commercial arbitration center, the Saudi arbitration team, and the international center for mediation and arbitration in Morocco.

The forum was sponsored by Morocco's Premier Saad Al-Deen Al-Othmani and tackled relevant disputes and settlements on advancing digital economies.

Prince Bandar said that it is time to enact new regulations to cope with today's accelerating developments in the information technology.

The Saudi representative said that regulations will walk hand in hand with Islamic Sharia, reported the Saudi Press Agency (SPA).

"It (Islamic Sharia) is valid for all times and places and never contradicts modern understandings for commercial transactions," he explained.



Prince William Arrives in Saudi Arabia on Official Visit

Britain's Prince William meets with Deputy Governor of the Riyadh Region, Prince Mohammed bin Abdulrahman bin Abdulaziz, in Riyadh, Saudi Arabia, February 9, 2026. (Reuters)
Britain's Prince William meets with Deputy Governor of the Riyadh Region, Prince Mohammed bin Abdulrahman bin Abdulaziz, in Riyadh, Saudi Arabia, February 9, 2026. (Reuters)
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Prince William Arrives in Saudi Arabia on Official Visit

Britain's Prince William meets with Deputy Governor of the Riyadh Region, Prince Mohammed bin Abdulrahman bin Abdulaziz, in Riyadh, Saudi Arabia, February 9, 2026. (Reuters)
Britain's Prince William meets with Deputy Governor of the Riyadh Region, Prince Mohammed bin Abdulrahman bin Abdulaziz, in Riyadh, Saudi Arabia, February 9, 2026. (Reuters)

Britain's Prince William arrived in Saudi Arabia on Monday for a first official visit, aimed at deepening economic cooperation.

He was greeted at the airport by the deputy governor of the Riyadh region, Prince Mohammed bin Abdulrahman bin Abdulaziz, the official Saudi Press Agency reported.

The trip, which will wrap up on Wednesday, aims to celebrate growing trade, energy and investment ties ahead of the two nations marking a century of diplomatic relations.

William, a keen environmentalist, is also set to visit the historic city of AlUla, where he will learn about conservation efforts, according to Kensington Palace.


World Defense Show 2026: Saudi Arabia Committed to Building Advanced, Competitive Defense Industry

The World Defense Show 2026 continues throughout the week with live demonstrations, strategic programs, and engagements spanning air, land, sea, space, and security domains - SPA
The World Defense Show 2026 continues throughout the week with live demonstrations, strategic programs, and engagements spanning air, land, sea, space, and security domains - SPA
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World Defense Show 2026: Saudi Arabia Committed to Building Advanced, Competitive Defense Industry

The World Defense Show 2026 continues throughout the week with live demonstrations, strategic programs, and engagements spanning air, land, sea, space, and security domains - SPA
The World Defense Show 2026 continues throughout the week with live demonstrations, strategic programs, and engagements spanning air, land, sea, space, and security domains - SPA

The World Defense Show (WDS) 2026, which is organized by the General Authority for Military Industries (GAMI), entered its second day on Monday with a strong focus on innovation and defense integration, supporting national industrial development and the advancement of future capabilities.

GAMI Governor Ahmad Abdulaziz Al-Ohali delivered keynotes reaffirming the Kingdom’s commitment to building an advanced, globally competitive defense industry.

He stated that Saudi Arabia continues to invest in a defense industry built on innovation and partnership, ensuring an integrated approach to defense and security.

According to SPA, he added that WDS 2026 reflects the Kingdom’s ambition to lead globally through technologies that enhance readiness, strengthen supply chains, and support localization under Vision 2030.

Following these remarks, senior Saudi defense leadership led a series of high-level discussions framing the strategic direction of the Kingdom’s defense transformation. Chief of the General Staff General Fayyad Al-Ruwaili delivered an address highlighting the priority of building a future-ready, integrated defense and discussing how global operational trends shape the Kingdom’s approach.

Across the wider venue, the Content Theater Program officially opened, bringing together senior Saudi and international speakers for high-level discussions on industrial development, aerospace growth, defense investment, and supply-chain strengthening. These sessions underscored the Kingdom’s strategic direction and its commitment to building a future-ready defense ecosystem. Parallel to the leadership program, activity across the Future Defense Lab and the Saudi Supply Chain Zone continued to facilitate expert engagement and industry dialogue, serving as additional platforms to support collaboration and capability development.

CEO of World Defense Show Andrew Pearcey said: “Day Two demonstrated the Kingdom’s growing influence in shaping the future of defense technologies and industrial capability. Through strong participation, forward-looking programs, and strategic leadership, WDS continues to serve as a global meeting point for innovation and collaboration.”

The World Defense Show 2026 continues throughout the week with live demonstrations, strategic programs, and engagements spanning air, land, sea, space, and security domains. This year’s edition brings together 1468 exhibitors from 89 countries, with participation from defense leaders, innovators, and investors contributing to Saudi Arabia’s long-term industrial transformation.


Saudi Foreign Minister, Slovak Deputy Prime Minister Sign General Cooperation Agreement

The two sides signed a general cooperation agreement aimed at enhancing cooperation and mutual understanding across various fields - SPA
The two sides signed a general cooperation agreement aimed at enhancing cooperation and mutual understanding across various fields - SPA
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Saudi Foreign Minister, Slovak Deputy Prime Minister Sign General Cooperation Agreement

The two sides signed a general cooperation agreement aimed at enhancing cooperation and mutual understanding across various fields - SPA
The two sides signed a general cooperation agreement aimed at enhancing cooperation and mutual understanding across various fields - SPA

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah met in Riyadh Monday Deputy Prime Minister and Minister of Defense of the Slovak Republic Robert Kaliňák.

They reviewed ways to strengthen cooperation between the two countries in a manner that serves their mutual interests and discussed regional and international developments, SPA reported.

The two sides signed a general cooperation agreement between the Government of the Kingdom of Saudi Arabia and the Government of the Slovak Republic, aimed at enhancing cooperation and mutual understanding across various fields.