Saudi Arabia pushes global connectivity, AI rules at regulators’ summit

In his opening remarks, Acting CST Governor Haytham Al-Ohali welcomed guests and participants to GSR25, highlighting its significance as the forum marks its 25th anniversary alongside the ITU’s 160th year. SPA
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Updated 02 September 2025
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Saudi Arabia pushes global connectivity, AI rules at regulators’ summit

RIYADH: Saudi Arabia is driving efforts to close the $2.8 trillion global connectivity gap and shape artificial intelligence governance as it hosts the 25th Global Symposium for Regulators.

The event, organized with the International Telecommunication Union, opened Sept. 1 at the King Abdulaziz International Conference Center in Riyadh under the theme “Regulation for Sustainable Digital Development.” 

It convenes regulators and industry leaders from 190 countries, reinforcing the Kingdom’s push to advance digital inclusion under Vision 2030.

The summit follows a UNCTAD World Investment Report 2025 showing digital infrastructure investments remain heavily concentrated in advanced economies, leaving developing nations struggling with access and affordability gaps.

At the opening, Haytham Al-Ohali, acting governor of the Communications, Space and Technology Commission, said the event marks a milestone as the GSR turns 25 and the ITU celebrates its 160th anniversary, the Saudi Press Agency reported.

Al-Ohali described Saudi Arabia as “a hub for dialogue and innovative digital regulation.”

“Today we are in the era of artificial intelligence, and we have a golden opportunity to shape the future of humanity for the next 160 years and beyond, building on our successes and joint efforts that have culminated in connecting more than two-thirds of humanity to date,” SPA quoted him as saying.

Despite progress, 2.6 billion people remain unconnected, Al-Ohali said, noting a joint CST-ITU study estimates $2.6 trillion to $2.8 trillion is required to close the digital divide — including $1.7 trillion for connectivity and infrastructure alone, triple the 2020 projection.

The Kingdom, he added, has already made strides, with the digital economy contributing 15 percent of gross domestic product, over 380,000 technology jobs created, and women’s participation in the sector climbing from 7 percent in 2018 to 35 percent, surpassing G20 and EU benchmarks.

ITU Secretary-General Doreen Bogdan-Martin said, “This 25th GSR is both a celebration and a recommitment — to put people and planet at the heart of digital frameworks, to ensure technology bridges divides, and to make our digital future safe, inclusive, and sustainable for all.” 

She noted that the next 25 years will be determined by the frameworks “we establish, the trust we build, and the decisions we make together.” 

On X, Bogdan-Martin highlighted the urgency of regulatory innovation, writing: “The question before us — how regulators can act as digital ecosystem builders — could not be timelier. Because with digital tech transforming every part of life, regulators need to keep pace. They must shift mindsets, adopt new tools, and deepen collaboration.”

Cosmas Zavazava, director of the ITU’s Telecom Development Bureau, praised the Kingdom for hosting the event, noting that it will enhance the resilience of digital infrastructure, attract long-term investments, and provide advanced economic analysis tools aligned with global best practices.

On the sidelines, Minister of Communications and Information Technology Abdullah Al-Swaha met with Bogdan-Martin to discuss joint efforts to expand digital inclusion, boost entrepreneurship, and build AI-driven growth models.

“Both sides reaffirmed their commitment to advancing the digital economy, fostering digital skills, empowering digital entrepreneurship, and boosting partnership in connectivity and inclusion, alongside the Kingdom’s leading initiatives aimed at empowering people and safeguarding the planet,” SPA reported.

Al-Ohaly attended the meeting, where both sides discussed enhancing digital economy growth, developing digital skills, enabling digital entrepreneurship, and Saudi Arabia’s initiatives for human empowerment and environmental protection.

The event continues with technology exhibitions showcasing Saudi Arabia’s Vision 2030 digital leadership and policy workshops advancing the new inclusion framework.

It comes as Saudi Arabia aims to become a global digital leader following its appointment to the UN’s ITU digital regulation network board. Internet use in the Kingdom reached 99 percent in 2024.

GSR-25 will close with a resolution outlining regulatory principles for the post-digital era, based on participants’ insights and session recommendations.

The GSR, held annually, is the world’s leading forum for regulators and industry leaders to exchange insights on digital innovation and regulatory frameworks.


No Saudi acquisition offers: FC Barcelona tells Al-Eqtisadiah

Updated 51 min 58 sec ago
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No Saudi acquisition offers: FC Barcelona tells Al-Eqtisadiah

CAIRO: FC Barcelona has not received any offers, whether from Saudi Arabia or elsewhere, to acquire the club, according to an official source who spoke to Al-Eqtisadiah.

According to the source, the circulating news regarding the possibility of finalizing a deal to acquire the club in the coming period is a mere rumor.

Recent Spanish reports had indicated the possibility of a Saudi acquisition of Barcelona shares for around €10 billion ($11.7 billion), a move considered capable of saving the club from its financial crises if it were to happen, especially as it suffers from debts estimated at around €2.5 billion.

Sale not in management’s hands

Joan Gaspart, the former president of the club, confirmed that the current board of directors, chaired by Joan Laporta, does not have the right to dispose of the club’s ownership.

He added: “FC Barcelona is owned by about 150,000 members, and selling the club is something the owners will not accept. FC Barcelona possesses something no other club in the world has; money is very important, and so is passion, but the sentiment of the members today is to continue what the club has been for 125 years.”

High market value

Despite the financial crisis the club has been going through in recent years, FC Barcelona ranks sixth on the list of the world’s highest market value clubs, with an estimated value of €1.12 billion, according to Transfermarkt. Meanwhile, its rival Real Madrid tops the list with a market value of €1.38 billion.