Saudi Arabia wins multiple awards for innovative projects at WSIS 2023   

The Kingdom claimed the Summit Prize and the first rank globally in Digital Environment and Electronic Services Category, a new global award at the World Summit. (Supplied)
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Updated 16 March 2023
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Saudi Arabia wins multiple awards for innovative projects at WSIS 2023   

RIYADH: Saudi Arabia has won multiple awards and recognitions for its innovative projects at the World Summit on the Information Society Forum being held in Geneva.  

The Kingdom claimed the Summit Prize and the first rank globally in Digital Environment and Electronic Services Category, a new global award at the World Summit, reported the Saudi Press Agency.  

Organized by the International Telecommunication Union, WSIS Forum is a global multistakeholder platform facilitating the implementation of the WSIS Action Lines for advancing sustainable development. 

Saudi Arabia’s Early Warning System Development Project, submitted by the Ministry of Environment, Water and Agriculture, passed three qualifying phases and competed with global innovations participating from over 109 countries, stated Abdulhameed Al-Olaiwi, the director general for Information Technology and Digital Transformation.   

The Summit Prize reveals the ability of Saudi Arabia’s telecommunications sector to compete globally, as well as the sector’s efforts in accelerating digital transformation and technology activation schemes in numerous sectors like government services, healthcare, education and entertainment, the SPA report added.  

The achievement resulted from the endless support of the Kingdom’s leadership towards the ministry's systems in line with the goals of its digital transformation strategy 2030 under Vision 2030, noted Deputy Minister Mansour bin Hilal Al-Mishaiti.   

Saudi Arabia also obtained certificates of excellence on the projects of the Ministry of Municipal and Rural Affairs — Balady Platform and Digital City Platform.   

The Kingdom bagged the National Databank by the Saudi Data and Artificial Intelligence Authority, the Innovative e-learning Platform of the University of Hail, and Habkeh Project submitted by the private sector.  

Saudi Arabia’s success in these distinct innovative projects brings the Kingdom's total certificates of excellence to 35, reported the agency. 


The Family Office to host global investment summit in Saudi Arabia

Updated 18 January 2026
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The Family Office to host global investment summit in Saudi Arabia

RIYADH: The Family Office, one of the Gulf’s leading wealth management firms, will host its exclusive investment summit, “Investing Is a Sea,” from Jan. 29 to 31 on Shura Island along Saudi Arabia’s Red Sea coast.

The event comes as part of the Kingdom’s broader Vision 2030 initiative, reflecting efforts to position Saudi Arabia as a global hub for investment dialogue and strategic economic development.

The summit is designed to offer participants an immersive environment for exploring global investment trends and assessing emerging opportunities and challenges in a rapidly changing financial landscape.

Discussions will cover key themes including shifts in the global economy, the role of private markets in portfolio management, long-term investment strategies, and the transformative impact of artificial intelligence and advanced technologies on investment decision-making and risk management, according to a press release issued on Sunday.

Abdulmohsin Al-Omran, founder and CEO of The Family Office, will deliver the opening remarks, with keynote addresses from Saudi Energy Minister Prince Abdulaziz bin Salman and Prince Turki Al-Faisal, chairman of the King Faisal Center for Research and Islamic Studies.

The press release said the event reflects the firm’s commitment to institutional discipline, selective investment strategies, and long-term planning that anticipates economic cycles.

The summit will bring together prominent international and regional figures, including former UK Treasury Commercial Secretary Lord Jim O’Neill, Mohamed El-Erian, chairman of Gramercy Fund Management, Abdulrahman Al-Rashed, chairman of the editorial board at Al Arabiya, Lebanese Minister of Economy and Trade Dr. Amer Bisat, economist Nouriel Roubini of NYU Stern School of Business, Naim Yazbeck, president of Microsoft Middle East and Africa, John Pagano, CEO of Red Sea Global, Dr. Anne-Marie Imafidon, MBE, co-founder of Stemettes, SRMG CEO Jomana R. Alrashed and other leaders in finance, technology, and investment.

With offices in Bahrain, Dubai, Riyadh, and Kuwait, and through its Zurich-based sister company Petiole Asset Management AG with a presence in New York and Hong Kong, The Family Office has established a reputation for combining institutional rigor with innovative, long-term investment strategies.

The “Investing Is a Sea” summit underscores Saudi Arabia’s growing role as a global center for financial dialogue and strategic investment, reinforcing the Kingdom’s Vision 2030 objective of fostering economic diversification and sustainable development.