Riyadh: The four trade day event brought together 600 defense and security exhibitors from 42 countries. The inaugural World Defense Show ended on Wednesday, with SR29.7 billion recorded in deals.
GAMI founded the show, the General Authority for Military Industries, focused on defense interoperability. It received 80 military delegations, 65,000 visits, and representatives from 85 countries from all over the world.
Ahmad Al-Ohali, Governor of GAMI, said:
“From its first edition, World Defense Show established itself as one of the top defense and security shows in the world. Reflecting the Kingdom’s position as a global driver of collaboration, innovation, and business opportunities.
Networking, knowledge-sharing, and establishing commercial relationships via the World Defense Show platform will spur a new era of investment and growth for the Saudi defense and security industry. Bringing us closer to achieving our target of localizing more than 50% of the Kingdom’s military expenditure by 2030.”
“We thank all exhibitors, visitors, and partners for being part of this promising journey. And we look forward to bolstering ties with them in the coming period. The show’s second edition will take place between the 3rd and 6th of March 2024,”
As the regulator, enabler, and licensor of Saudi Arabia’s defense sector, GAMI worked with partners to review contracts announced at the show. Conducting a detailed evaluation of technical specifications and ensuring spending efficiency and operational readiness.
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The 2022 edition of the World Defense Show created business opportunities through the “Meet the Buyer” program. It included thought-provoking programs like International Women in Defense and Future Talent.
The show paved the way for increased collaboration in the sector’s growth and development of human capital.