Global security hubs in Saudi Arabia will strengthen efforts to tackle cybercrimes: SAMI CEO

Walid Abukhaled was speaking at the Global Cybersecurity Forum in Riyadh.
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Updated 20 December 2024
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Global security hubs in Saudi Arabia will strengthen efforts to tackle cybercrimes: SAMI CEO

RIYADH: Establishing “global or regional” command and control centers in Saudi Arabia to counter cyber threats is seen as a “win-win” in enhancing international cooperation, according to Walid Abukhaled, CEO of Saudi Arabian Military Industries. 

Speaking at the Global Cybersecurity Forum in Riyadh on Wednesday, Abukhaled highlighted that such a “hub”, which various countries can be part of, could facilitate the sharing of regulatory reforms, information on threat types, best practices, and mutual learning. 

He said: “There is a direct relationship between the safety, security, and prosperity of any nation. Foreign investments are always linked to the safety and security of any nation, so if a country wants to invest in another country, they look at the safety and security of that nation.”  

The SAMI CEO added: “The future is all about cyber, and this is huge security about protecting strategic assets and investments.” 

Megat Zuhairy bin Megat, CEO of the National Cyber Security Agency in Malaysia, emphasized that “global collaboration” is “the fifth pillar of national cybersecurity strategy.” 

He said: “We have been communicating and collaborating with our cybersecurity entities around the world.” 

The CEO added: “We have our command center in Malaysia. We share our intelligence with Singapore, Indonesia, and the rest of the world. However, without the capability and capacity of us receiving the information, we will not be able to translate that better whether it is a real threat or not, for example.” 

Felix Barrio Juarez, director general of the Spanish National Cybersecurity Institute, indicated that in the EU, they are currently enhancing standardization processes to establish a set of requirements.  

Juarez added: “We have to talk about national sovereignty in terms of technology, and cybersecurity allows this.” 

Abdulrahman Ali Al-Malki, president of the National Cyber Security Agency in Qatar, said: "Nations that dedicated large budgets for cybersecurity have benefited in the short and long term from attracting the global solutions and establishing the appropriate infrastructure for new future projects.” 

This has attracted “international companies plus safeguarding assets in the country from cyberattacks and their consequences in restoring services." Al-Malki added. 


Saudi Mawani, Arabian Chemical Terminals sign $133m land lease for Jubail port storage tanks 

Updated 8 sec ago
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Saudi Mawani, Arabian Chemical Terminals sign $133m land lease for Jubail port storage tanks 

RIYADH: The Saudi Ports Authority, or Mawani, has signed a contract with Arabian Chemical Terminals Ltd. to establish storage tanks for chemical and petrochemical materials at Jubail Commercial Port, with an investment exceeding SR500 million ($133 million) on an area of 49,000 sq. meters.  

The project will help enhance operational efficiency and increase handling capacity, in line with the objectives of the National Transport and Logistics Strategy, which aims to consolidate the Kingdom’s position as a global logistics hub. 

This step forms part of Mawani’s efforts to strengthen private-sector participation in supporting gross domestic product growth and to reinforce the role of Jubail Commercial Port as a key driver of commercial activity.  

The project’s storage capacity will reach 70,000 cubic meters, boosting the competitiveness of the Kingdom’s ports at both regional and international levels. 

It aims to develop and expand storage capacity and support the export of chemical and petrochemical materials in accordance with the highest international standards, while strengthening supply chains. 

The project includes the establishment and development of specialized facilities for storing and exporting chemical and petrochemical products, as well as the provision of storage and distribution services for local and international imports and exports, in line with global quality and safety standards.  

It will contribute to supporting national supply chains, enhancing the Kingdom’s chemical logistics capabilities, and raising operational efficiency and capacity, thereby improving customer competitiveness. 

The initiative also supports the objectives of Saudi Vision 2030 by promoting infrastructure development across the energy, industry, and supply chain sectors.