Social Development Bank showcases financing solutions for entrepreneurs at Biban 2023

Social Development Bank. (Twitter @SDB_sa)
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Updated 12 March 2023
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Social Development Bank showcases financing solutions for entrepreneurs at Biban 2023

The Social Development Bank is participating as a contributing partner at Biban 2023, the Kingdom’s flagship startup and SME conference. Hosted and organized by the Small and Medium Enterprises General Authority, known as Monsha’at, the event is taking place at Riyadh Front Exhibition and Convention Center, from March 9 to March 13.
As one of the leading partners of this year’s conference, SDB — represented by a selection of the organization’s executives and spokespeople — is underlining the importance of advancing social development across the Kingdom. The bank is showcasing its efforts to empower entrepreneurs and enhance entrepreneurship in Saudi Arabia by creating greater access to an extensive suite of financial and non-financial services offerings.
SDB continues to strengthen its relations with the relevant authorities by concluding contracts and signing agreements for entrepreneurs and small and micro businesses.

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SDB CEO Ibrahim Al-Rashid joined several other industry leaders and experts in a panel discussion titled ‘The Kingdom unites efforts to expand financing for SMEs in Saudi Arabia.’

Over the course of the event, SDB took part in a range of seminars and panel discussions. SDB CEO Ibrahim Al-Rashid joined several other industry leaders and experts in a panel discussion titled “The Kingdom unites efforts to expand financing for SMEs in Saudi Arabia.” The panel provided the SDB CEO the opportunity to spotlight solutions and financing programs launched by the bank to equip SMEs with the tools to fulfill their potential and succeed, meet targeted sectors’ needs, and raise economic productivity levels.
SDB Business Development Director Fahad Al-Ashgar also participated in a panel discussion exploring opportunities to develop SDB’s services for SMEs, empower male and female citizens’ efforts to enhance the Kingdom’s economic development, and encourage them to manage in their own facilities. The discussion also outlined steps taken by SDB to create job opportunities, enhance its contributions to the Kingdom’s national economy and bolster the economy of the country’s most remote areas and communities.
SDB is also hosting a range of workshops, providing free consultations targeting entrepreneurs and training programs — the latter being organized by SDB’s Dulani Business Center.
SDB has three stands at the exhibition. The main pavilions, Dulani Business Center and Jaadah 30, are welcoming visitors to learn more about their services, including the bank’s financial and non-financial offerings. These pavilions are showcasing SDB’s programs and products, highlighting the success stories of entrepreneurs funded by the bank.
Themed “Attract-Connect-Achieve,” Biban 2023 aims to promote technical entrepreneurship, raise the digital capabilities of young men and women, and inspire the development of novel ideas and innovations.

 


Cisco drives Kingdom’s secure expansion into AI-driven, cloud-first future

Updated 21 December 2025
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Cisco drives Kingdom’s secure expansion into AI-driven, cloud-first future

With local infrastructure investment, AI-ready data centers and diverse strategic partnerships, Cisco is supporting the Kingdom’s secure expansion into an AI-driven, cloud-first future. 

Fady Younes, managing director for cybersecurity at Cisco for the Middle East, Africa, Türkiye, Romania and CIS, said that Saudi Arabia is adopting AI at a pace faster than the global average, according to Cisco’s Cybersecurity Readiness Index and AI Readiness Index. Still, while this rapid uptake is driving efficiency and innovation, it also introduces new AI-related risks that organizations must address early, he said. This underscores the critical importance of embedding security into every digital and AI initiative from the outset to ensure safe and sustainable growth.

A key pillar of Cisco’s strategy in Saudi Arabia, according to Younes, is local infrastructure investment. Cisco has established fully operational data centers in the Kingdom to deliver cloud-based security services and the Webex collaboration platform, with plans to launch a dedicated Meraki cloud region. Localizing these services, he said, supports national data-sovereignty requirements, strengthens regulatory compliance, and reduces latency, enabling faster AI-driven threat detection and response.

Younes also pointed to Cisco’s partnership with AMD and HUMAIN, a PIF company. This joint venture, set to launch in 2026, will combine advanced data centers with Cisco and AMD technologies to provide efficient, cost-effective infrastructure and develop up to 1 GW of AI capacity by 2030. He described the initiative as a strong example of how global technology expertise and local ambition can align to support the Kingdom’s long-term AI goals.

Discussing the growing demand for AI-ready data centers, Younes highlighted Cisco’s role in modernizing traditional environments into unified, high-performance platforms. This includes Secure AI Factory architectures with scalable AI PODs and embedded security, private and hybrid cloud models that preserve data sovereignty, GPU-optimized compute powered by low-latency Silicon One networking, and unified management through platforms such as Intersight and Nexus Dashboard. All these capabilities, combined with strategic partnerships with companies like NVIDIA, give Saudi organizations the resilience and scalability needed to run large-scale AI workloads with confidence.

On the cybersecurity front, Younes explained that AI now sits at the core of how threats are detected and contained. By applying AI across the security stack, Cisco can identify patterns that human analysts would miss, correlate signals across networks, endpoints, and cloud environments, and automate large parts of responses at speed. This approach is fundamental in the Middle East, where rapid digitization has expanded attack surfaces and introduced risks like shadow AI and fragmented security tools.

Platforms such as Cisco’s AI Defense, he said, are designed to protect AI models and applications themselves, while also strengthening overall detection and response. Identity has also become the primary target in modern attacks, so Cisco’s AI-driven tools protect user identities, authentication flows, and access behaviors across hybrid environments. Combined with capabilities like Hybrid Mesh Firewall and Universal Zero Trust Network Access, these technologies are delivered through the Cisco Security Cloud, enabling Middle East organizations to respond faster, simplify operations, and stay ahead of increasingly AI-driven threats.

Beyond technology, Younes stressed that building a skilled local workforce is essential to sustaining Saudi Arabia’s digital momentum. Cisco works closely with universities, government entities, and telecom partners to develop talent equipped for AI-enabled, cloud-centric networks. To date, more than 480,000 learners in Saudi Arabia have been trained through the Cisco Networking Academy, with women accounting for 36 percent of participants. Cisco has also committed to providing free digital upskilling for 500,000 learners in the Kingdom over the next five years across AI, cybersecurity, data science, and programming.

He added that Cisco is placing growing emphasis on AI-security literacy, helping learners and professionals understand emerging risks such as data exposure, shadow AI, and identity-based attacks. To further advance AI research and development, Cisco and King Abdullah University of Science and Technology announced the launch of a new AI Institute, focusing on applied research in areas ranging from AI-native communication systems and advanced edge infrastructure for Industry 5.0 to AI-driven solutions for critical sectors such as water, energy, food, and healthcare.

Looking ahead, Younes believes that the most significant security priorities for Saudi organizations over the next five years will shift toward protecting far more dynamic, distributed, and automated environments. One of the biggest needs will revolve around securing AI systems themselves, not just the data they use, but the models, applications, and pipelines that drive new digital services. As cyberattackers increasingly use AI to scale their operations, organizations will also need defenses that operate at machine speed and can automatically correlate signals across networks, users, and cloud workloads.

Fragmented security architectures will be another challenge as companies modernize and move deeper into hybrid and multicloud environments. Cisco’s integrated approach, bringing networking and security together through the Cisco Security Cloud, is designed to address this challenge, Younes said. By simplifying complex hybrid and multicloud environments and supporting zero-trust security across AI workloads, Cisco aims to help Saudi organizations innovate securely and confidently as they embrace AI at scale.

Finally, there is the long-term workforce element. As networks become more cloud-centric, Saudi organizations will need talent that understands both AI and cybersecurity. Cisco’s partnerships across the Kingdom, from enterprise collaborations to skills programs, are designed to help build that capability so organizations can innovate confidently at scale.