On the sidelines of the World Defense Show in Riyadh, senior officials from Saudi Arabia and the UK discussed ways on how the two countries can increase collaboration in some innovative fields, including space and technology.
Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha and British Secretary of State for Investment Lord Gerald Edgar Grimstone discussed expanding bilateral cooperation in the digital economy between Saudi Arabia and the UK.
The two also discussed how the two nations’ strategic collaboration might be strengthened in areas such as technology, space, and innovation, as well as building cooperative digital projects such as One Web-Neom Tech, according to the Saudi Press Agency (SPA).
According to a statement issued by SPA at the time, Saudi Arabia and the UK announced a proposal to enhance cooperation in the sphere of space according to a statement carried by SPA at the time.
Both parties emphasized the necessity of utilizing the sector to assist in the stimulation of their respective countries’ private sectors and the promotion of investment in the development of human capabilities.
Saudi Arabia announced in October 2020 that as part of its Vision 2030 initiative, it planned to spend SAR8 billion ($2.1 billion) to strengthen its space program.
Crown Prince Mohammed bin Salman’s (below) Vision 2030 is an ambitious economic diversification strategy aimed at transforming the country’s economy and preparing it for a post-hydrocarbon era.
On Sunday, the Crown Prince attended the World Defense Show to officially open the vent. The show, which runs until March 9 and is organized by the General Authority for Military Industries (GAMI), has attracted more than 590 enterprises from 42 nations around the world.
“We’ve received a lot of interest from around the world to participate in the first World Defense Show,” GAMI Governor Ahmad Al-Ohali said in a statement ahead of the event’s start.