Saud Bin Saqr Establishment for youth Enterprises Development (RAK SME – An Initiative of RAK Chamber of Commerce & Industry), Cyber Wales and Chambers Wales in the United Kingdom, virtually signed yesterday two memorandum of understanding.

The first one has been signed with the Chambers Wales to reinforce the bilateral relations in various fields including economic, investment and advisory, and to pave the way for further cooperation with members of RAK SME and Chambers Wales. 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.

Yousef Esmaeel, the Chairman of the Supreme Committee – RAK SME affirmed that the two memorandum of understanding are not only targeting the member companies of RAK SME, 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 RAK SME, Chamber Wales and/or Cyber Wales.

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. Esmaeel added.