Global Cybersecurity Forum launches major initiatives to strengthen online resilience and child protection

Governor of the National Cybersecurity Authority Majed Al-Mazyed. AN
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Updated 02 October 2024
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Global Cybersecurity Forum launches major initiatives to strengthen online resilience and child protection

RIYADH: A center for bolstering economic resilience against online threats and a new child protection initiative were among the announcements at the opening of the Global Cybersecurity Forum in Riyadh.

In his opening speech at the two-day event, Governor of the National Cybersecurity Authority Majed Al-Mazyed emphasized the event’s focus on advancing collective action and the roadmap set by previous editions of the forum. 

He highlighted the GCF’s commitment to ensuring a safe and secure digital world, saying: “The GCF activities and partnerships embody this year’s theme: advancing collective action in cyberspace, building on the road map established in previous editions, and setting the direction for the UN.” 

The Center for Cyber Economics is a global initiative by the GCF created in collaboration with the World Economic Forum. 

This center aims to empower decision-makers across public and private sectors with insights into how to tackle cyber threats, and it will also develop models to quantify the economic impacts of cyber activities, foster an ecosystem for knowledge sharing, and ensure that cybersecurity remains central to economic growth, particularly in promoting inclusivity in the digital economy.

Al-Mazyed also underlined the forum’s role in launching new projects that address vital issues in cyberspace, from economic resilience to child safety.

This includes the Child Protection in Cyberspace initiative, which focuses on safeguarding children in the digital world.

The forum aims to introduce a “child safe” label for tech products, educational content for parents, and a centralized reporting platform to combat cybercrimes against children.

A significant collaboration with UNICEF will see the launch of a global program spanning over 30 countries, contributing to safer cyberspace for youth. This initiative will also develop the CPC Index, a comprehensive measure of child protection in cyberspace, in partnership with Digital Intelligence Quotient. 

Further strengthening global cybersecurity efforts, the forum unveiled the Women Empowerment in Cybersecurity initiative. 

This effort aims to broaden the talent pool in the sector by encouraging young girls to pursue STEM education while also addressing gender stereotypes in the cybersecurity profession. 

The WEC initiative will support progressive recruitment policies and mentorship programs, empowering women to take on leadership roles in the industry.

These developments reflect Saudi Arabia’s broader strategy to position itself as a leader in the cybersecurity space, in line with its Vision 2030 goals. 

The Kingdom has invested heavily in technology and online safety, recognizing the vital role a secure digital infrastructure plays in economic diversification. 

As Al-Mazyed highlighted during the opening ceremony, the forum is dedicated to pushing the boundaries of knowledge and ensuring a unified, secure global cyberspace.


Record $14.4bn rise in Saudi holdings of US Treasuries

Updated 19 January 2026
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Record $14.4bn rise in Saudi holdings of US Treasuries

RIYADH: Saudi Arabia increased its holdings of US Treasuries by 10.71 percent in November in what was the largest increase since data tracking began in 1974, according to the latest official data,

The Kingdom’s US Treasury portfolio stood at $148.8 billion in the month, up $14.4 billion from October.

Following the increase, Saudi Arabia moved up one place to 17th place among the largest foreign holders of US Treasuries.

Countries including Saudi Arabia invest in US Treasuries for their perceived safety, liquidity, diversification benefits, and alignment with economic ties to the US. 

The Kingdom’s holdings were 17.25 percent higher in November compared with January 2025.

The allocation highlights Saudi Arabia’s preference for longer-dated US government debt as part of its foreign reserve strategy, focused on capital preservation, liquidity, and diversification amid global market volatility. 

Saudi Arabia’s holdings included $106.8 billion in long-term securities, accounting for 72 percent of the total, while short-term holdings stood at $42 billion, or 28 percent. 

Globally, Japan remained the largest foreign holder of US Treasury securities at $1.2 trillion, followed by the UK at $888.5 billion, mainland China at $682.6 billion, and Belgium at $481 billion. 

Canada ranked fifth with holdings of $472.2 billion, followed by the Cayman Islands and Luxembourg in sixth and seventh positions, with portfolios valued at $427.4 billion and $425.6 billion, respectively. 

France placed eighth with $376.1 billion, followed by Ireland at $340.3 billion and Taiwan at $312.5 billion. 

Other countries included in the top 20 list include Switzerland, Singapore, Hong Kong, and Norway, as well as India and Brazil. 

The trade relationship between Saudi Arabia and the US remains strong, with the Kingdom exporting SR5.20 billion ($1.39 billion) worth of non-oil goods in October, data from the General Authority of Statistics showed.

Speaking to Arab News in October, Nasser Saidi, founder and president of economic and financial advisory services firm Nasser Saidi & Associates and a former minister of economy and trade in Lebanon, said US Treasuries are a critical pillar of stability.

“Holding treasuries allows Saudi Arabia to meet its international payment obligations — finance imports, service external debt, portfolio, and capital flows — provide a buffer against oil revenue shocks, while also generating a steady, low-risk stream of income,” he said.