RIYADH — The Global Cybersecurity Forum (GCF) and the World Economic Forum (WEF) announced the signing of an agreement to establish the Centre for Cyber Economics (CCE) in Riyadh, during the WEF Annual Meeting 2025 being held in Davos, Switzerland.

GCF and WEF aim to establish the centre as a global platform that addresses the economic dimension of cybersecurity. The centre will advance knowledge to enable decision-makers worldwide to build a deep understanding of the close relationship between economics and cybersecurity. The centre’s research and studies will also provide robust tools for formulating policies and strategies to safeguard the global economy while contributing to enhancing cybersecurity around the world.

Eng. Majed bin Mohammed Al-Mazyed, governor of the National Cybersecurity Authority, acting on behalf of the Board of Trustees of Global Cybersecurity Forum, noted that the establishment of the centre – a collaboration between GCF and WEF – forms part of cybersecurity efforts in Saudi Arabia that have culminated in its world-leading position in the sector. The Kingdom’s contributions to the cybersecurity sector at local, regional, and global levels have gained the Saudi model of cybersecurity recognition for its successful and pioneering approach.

Al-Mazyed added that the development of the Centre for Cyber Economics sits within the framework of the Kingdom of Saudi Arabia’s aims to build global platforms and launch pioneering global initiatives in various fields related to the sector, including the establishment of GCF as an institute by Royal Decree in 2023.

GCF aims to push knowledge boundaries, build the foundations for cooperation in Cyberspace, and leverage opportunities within the cybersecurity sector to enhance cyber resilience and enable prosperity around the world