Riyadh – Sharikat Mubasher: Twenty-five French companies working in cybersecurity showed intentions to partner with Saudi Arabia to help bolster the sector.
Officials from both sides were keen to emphasize the substantial investment prospects in security infrastructure during the Saudi-French Security Day program, taking place in Riyadh city from 13 to 15 September.
The event shed light on the potential role Riyadh and Paris can play in creating secure cities for the future, in line with the objectives of Saudi Arabia’s Vision 2030, as the Kingdom prepares to host major international events, including the 2027 Asian Games, Expo 2030, and the 2034 FIFA World Cup.
Rachid Boulaouine, Director of Business France Saudi Arabia, stated during the event that collaborating with French companies offers a valuable opportunity to meet the complex security needs of large-scale events and major projects in the Kingdom.
Saudi Arabia is investing over $15 billion in the rapidly growing cybersecurity market as part of Vision 2030.
In 2023, France’s cybersecurity sector generated over 7 billion euros ($7.6 billion) in revenue, with an annual growth rate of 10%, driven by increased investment in advanced technologies and innovative solutions.
The three-day conference will feature discussions that focus on enhancing bilateral cooperation and fostering partnerships between French companies and key Saudi entities, including King Salman Park, the Diriyah Gate Development Authority, the General Entertainment Authority, and Qiddiya.
