Twenty-five French companies specializing in cybersecurity have presented significant partnership opportunities with their Saudi counterparts to help bolster the sector.
French and Saudi officials emphasized the substantial investment prospects in security infrastructure during the Saudi-French Security Day program, which kicked off in Riyadh on Sunday and will continue until Tuesday.
The conference highlighted the potential role Riyadh and Paris can play in creating secure cities for the future, aligning with the objectives of Saudi Arabia’s Vision 2030, as the Kingdom prepares to host major international events, including the 2027 Asian Games, Expo 2030, and the 2034 FIFA World Cup.
Rachid Boulaouine, Director of Business France Saudi Arabia, stated during the event that collaborating with French companies offers a valuable opportunity to meet the complex security needs of large-scale events and major projects in the Kingdom.
Saudi Arabia is investing over $15 billion in the rapidly growing cybersecurity market as part of Vision 2030.
In 2023, France’s cybersecurity sector generated over 7 billion euros ($7.6 billion) in revenue, with an annual growth rate of 10%, driven by increased investment in advanced technologies and innovative solutions.
Over the three-day conference, discussions will focus on enhancing bilateral cooperation and fostering partnerships between French companies and key Saudi entities, including King Salman Park, the Diriyah Gate Development Authority, the General Entertainment Authority, and Qiddiya.
