Saudi Arabia signs agreement with Lockheed Martin

Updated 25 March 2018
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Saudi Arabia signs agreement with Lockheed Martin

WASHINGTON: The Saudi Cyber Security and Programming Federation (SFCSP) signed a memorandum of understanding with Lockheed Martin Corp. on Friday during the visit of Crown Prince Mohammed bin Salman, deputy premier and minister of defense, to the US, SPA reported.
Lockheed Martin is a world-class aviation, defense, and information security company that focuses chiefly on researching, designing, developing, and manufacturing advanced technologies and software systems.
The MoU aims to create a cybersecurity and programming partnership that focuses on improving and advancing Saudi Arabia’s cybersecurity and programming capabilities and combating cyberattacks and viruses.
In addition, Lockheed Martin will provide its expertise in training Saudi talents and transfer innovation technologies through its innovation center, Lighthouse, and organize national programming and cybersecurity contests in Saudi Arabia.
The MoU was co-signed by SFCSP’s deputy chairman, Abdullah Sharaf Al-Ghamdi, on behalf of Chairman Saud bin Abdullah Al-Qahtani, and Alan Chinoda, CEO of Lockheed Martin.
Al-Qahtani explained that “this partnership is a powerful addition for improving the skills and knowledge of Saudi Arabia’s cybersecurity and programming specialists.”
“It will show them how serious cyberattacks are, how the information infrastructure is targeted, and how to protect it using specialized systems,” he added.
SFCSP’s deputy chairman, Abdullah Al-Ghamdi, and members of the Saudi Cyber Security and Programming Federation visited on Friday the Cyber Academy and Cyber Operations Center at the Raytheon headquarters in Washington.
During the visit, which marked the effective date of the MoU between SFCSP and Raytheon, the academy’s academic programs and courses were demonstrated, and the possibility of implementing these programs at the federation’s headquarters in Saudi Arabia was discussed.
Moreover, the visit included a tour in the academy, and it was agreed that a team from Raytheon would visit SFCSP to discuss providing training programs at the Academy of Cybersecurity, Programming, and Artificial Intelligence, which was recently launched by Al-Ghamdi.
SFCSP also signed a MoU on Friday with Northrop Grumman, a leading global security company providing innovative systems, products, and solutions to government and commercial customers worldwide.


Green light for crown prince-led Saudi privatization program

Updated 25 April 2018
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Green light for crown prince-led Saudi privatization program

  • The Privatization Program is one of 12 key elements of the Saudi Arabia’s Vision 2030
  • The program is aimed at increasing job opportunities for Saudi nationals

RIYADH: Saudi Arabia’s Council of Economic and Development Affairs on Tuesday approved the Privatization Program that is one of 12 key elements of the Kingdom’s Vision 2030. 

The program is aimed at increasing job opportunities for Saudi nationals, attracting the latest technologies and innovations, and supporting economic development.

It encourages both local and foreign investment in order to enhance the role of the private sector, with government entities adopting a regulatory and supervisory role. The aim is to increase the private sector’s contribution to GDP from 40 percent to 65 percent by 2030. 

The program will aim to reach its objectives through encouraging the private sector to invest in establishing new schools, universities and health centers, while the government pursues its organizational and supervisory role in health and education.

The privatization program aims to benefit from previous success stories, with the private sector’s collaboration in the development of infrastructure, and its involvement on a large scale in sectors such as energy, water, transport, telecommunications, petrochemicals and finance.

The program sets out a series of objectives in three areas: Developing a general legal framework for policies related to privatization; establishing organizational foundations and dedicated institutions to execute the policies; and setting a timescale for their delivery. 

The Council of Economic and Development Affairs is headed by Crown Prince Mohammed bin Salman.