Saud bin Saqr Foundation for Youth Project Development in Ras Al Khaimah and Wales Chamber of Commerce, United Kingdom, virtually signed yesterday two memorandum of understanding. The first one has been signed with the Wales Chamber of Commerce to reinforce the bilateral relations in various fields including economic, investment and advisory, and to pave the way for further cooperation with members of Saud bin Saqr Foundation for Youth Project Development and Wales Chamber of Commerce. Additionally, the second memorandum of understanding has been signed with Cyber Wales one of the leading companies which work on cyber security and protection against cyber-attacks and is a member of Wales Chamber of Commerce.

The Memorandums of Understanding have been signed by Youssuf Ismail, Head of the Supreme Committee of Saud Bin Saqr Foundation for Youth Project Development, Ms. Jo Price, Director of International, Wales Chamber of Commerce, and John Davies Co-founder and Chair of Cyber Wales. The two memorandums aim to create opportunities for mutual cooperation, with the great experience of Wales Chamber and Cyber Wales in the new technologies and innovations to prevent and track the cyber-attacks and to benefit from the services and technologies that contribute in protection against the cyber-attacks and to adapt more efficient protection approaches.

Youssuf Ismail, Head of the Supreme Committee of Saud Bin Saqr Foundation for Youth Project Development affirmed that the two memorandum of understanding are not only targeting the member companies of Saud bin Saqr, it shall include all the organizations that wish to benefit from the services of Cyber Wales including training and development actives, research and business development to adopt the best practices which could be provided through workshops, forums or conferences. However, the event and activities shall be organized virtually at the current time, due to the circumstances of COVID-19; while in future it could be through visits or

participation in the events that are organized by Saud Bin Saqr Foundation for Youth Project Development and Ras Al Khaimah Chamber of Commerce and Industry.

We seek to develop a strategy, that help us cope with the all the developments in the different sectors, through using all the tools of future foresight, that help in anticipating future opportunities, trends, challenges and repercussions, this shall limit the impacts of the cyber-attacks, piracy and penetration of the websites of all companies, as well as the commercial and industrial sectors. Ismail added.