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. 


Industry leaders highlight Riyadh’s Metro, infrastructure as investment catalysts

Updated 59 min 35 sec ago
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Industry leaders highlight Riyadh’s Metro, infrastructure as investment catalysts

RIYADH: Saudi Arabia’s capital, Riyadh, is experiencing a transformative phase in its real estate sector, with the construction market projected to reach approximately $100 billion in 2025, accompanied by an anticipated annual growth rate of 5.4 percent through 2029.

The Kingdom is simultaneously advancing its data center capacity at an accelerated pace, with an impressive 2.7 GW currently in the pipeline. This expansion underscores the critical role of strategic land and power planning in establishing national infrastructure as a cornerstone of economic growth.

These insights were shared by leading industry experts during JLL’s recent client event in Riyadh, which focused on the city’s macroeconomic landscape and emerging trends across office, residential, retail, hospitality, and pioneering sectors, including AI infrastructure and Transit-Oriented Development.

Saud Al-Sulaimani, Country Lead and Head of Capital Markets at JLL Saudi Arabia, commented: “Riyadh is positioned at the forefront of Saudi Arabia’s Vision 2030, offering unparalleled opportunities for both investors and developers. National priorities are continuously recalibrated to ensure strategic alignment of projects and foster deeper collaboration with the private sector.”

He added: “Recent regulatory developments, including the introduction of the White Land Tax and the rent freeze, are designed to stabilize the market and are expected to drive renewed focus on delivering premium-quality assets. This dynamic environment, coupled with evolving construction cost considerations in select segments, is fundamentally reshaping the market landscape while accelerating progress toward our national objectives.”

The event further underscored the transformative impact of infrastructure initiatives. Mireille Azzam Vidjen, Head of Consulting for the Middle East and Africa at JLL, highlighted Riyadh’s transit revolution. She detailed the Riyadh Metro, a $22.5 billion investment encompassing 176 kilometers, six lines, and 84 stations, providing extensive geographic coverage, with a depth of 9.8 km per 100 sq. km. This strategic development generates significant TOD opportunities, with properties in proximity potentially commanding a 20-30 percent premium. JLL emphasized the importance of implementing climate-responsive last-mile solutions to enhance mobility and accessibility, particularly given Riyadh’s extreme temperatures.

Gaurav Mathur, Head of Data Centers at JLL, emphasized the rapid expansion of the Kingdom’s AI infrastructure, signaling a critical area for technological investment and innovation.

Focusing on the construction sector, Maroun Deeb, Head of Projects and Development Services, KSA at JLL, explained that the industry is actively navigating complexities such as skilled labor availability, material costs, and supply chain dynamics.

He highlighted the adoption of Building Information Modeling as a key driver for enhancing operational efficiency and project delivery.