Annual spending on cyber security expected to reach 3 billion Riyals in the Saudi market

Nov 29, 2021

Annual spending on cyber security expected to reach 3 billion Riyals in the Saudi market

In presence of His Royal Highness Prince Mohammed Bin Khalid Al-Abdullah Al-Faisal, Chairman of the Board of Directors of stc Group, His Excellency the Minister of Communications and Information Technology, Eng. Abdullah Bin Amer Al-Sawaha, and a number from their Highnesses and Excellencies, visited the stc stall during the @Hack event, and were received by the Group CEO of stc, Eng. Olayan Bin Mohammad Al-Wetaid and a number of the group's executives. His Excellency was briefed on the latest technologies offered by the group in the field of cybersecurity, as the Kingdom of Saudi Arabia is witnessing a growth in the size of the cybersecurity market, with annual spending reaching 13% and an expected spending volume of 3 billion Saudi Riyals annually, in light of the digital transformation that the Kingdom is witnessing.
stc contributes to the @Hack event as a partner and digital enabler for the largest cybersecurity event in the Middle East, which is held in Riyadh, and organized by the Saudi Federation for Cybersecurity Programming and Drones in collaboration with the General Entertainment Authority, with the participation of speakers, international experts, and local and international companies specialized in the field of cybersecurity.
stc also supports the events and meetings with the participation of 200 speakers and experts from a selection of local and international companies specialized in cybersecurity. With the participation of Sirar by stc, which was launched by stc Group to enable and protect the expedition of the digital transformation and infrastructure, with a group of leading companies, by reviewing the latest solutions, products and technologies that it offers to its customers.