Global Cybersecurity Forum And World Economic Forum Collaborate To Establish Centre For Cyber Economics In Riyadh

The Global Cybersecurity Forum (GCF) and the World Economic Forum (WEF) have agreed to create the Centre for Cyber Economics (CCE) in Riyadh. This announcement was made during the WEF Annual Meeting 2025 in Davos, Switzerland. The CCE aims to become a global hub focusing on the economic aspects of cybersecurity, enhancing understanding and decision-making worldwide.

Governor of the National Cybersecurity Authority, Eng. Majed bin Mohammed Al-Mazyed, highlighted Saudi Arabia's leading role in cybersecurity. He stated that this collaboration between GCF and WEF is part of ongoing efforts to maintain the Kingdom's prominent position in this field. The Saudi model has been recognised for its innovative approach at various levels.

The Centre will conduct research and studies to provide tools for policy formulation and strategy development. These efforts aim to protect the global economy while improving cybersecurity worldwide. By advancing knowledge, decision-makers can better understand how economics and cybersecurity are interconnected.

The establishment of the CCE aligns with Saudi Arabia’s vision to create global platforms and launch initiatives in cybersecurity-related fields. This includes founding GCF as an institute by Royal Decree in 2023. The GCF seeks to expand knowledge, foster cooperation in cyberspace, and seize opportunities within the cybersecurity sector.

Al-Mazyed emphasised that developing the Centre fits within Saudi Arabia's broader goals. These goals include building international platforms and initiating groundbreaking projects across various sectors related to cybersecurity. The Kingdom continues to contribute significantly at local, regional, and global levels.

The CCE will serve as a resource for decision-makers globally, offering insights into the economic dimensions of cybersecurity. It aims to enhance cyber resilience and support prosperity worldwide by leveraging opportunities within this critical sector.

This initiative reflects Saudi Arabia's commitment to advancing cybersecurity on a global scale. By establishing such platforms, the Kingdom aims to strengthen its leadership role while contributing positively to international cybersecurity efforts.

The collaboration between GCF and WEF marks a significant step towards addressing economic challenges related to cybersecurity. Through research and strategic initiatives, they aim to safeguard economies while promoting enhanced security measures globally.

By focusing on these objectives, Saudi Arabia continues its journey towards becoming a leader in cybersecurity innovation. The establishment of CCE is a testament to its dedication to fostering global cooperation and resilience in this vital area.

With inputs from SPA