Saudi Arabia’s World Defense Show to generate thousands of jobs

Saudi Arabia’s inaugural World Defense Show is set to have a major impact on its economy, according to a report by consultancy EY, generating thousands of jobs plus an economic impact of £136m.

As Saudi Arabia looks to localise 50% of its military expenditure under national Vision 2030 objectives, the event – taking place in Riyadh from 6-9 March 2022– will unlock opportunities for international exhibitors and visitors to be part of the its growth.

The EY analysis, which considered factors ranging from daily visitor spend to imports and exports, World Defense Show will create 700 million Saudi riyal (£136m) of economic activity by 2030.

The figures also suggest that 4,825 Saudi-based jobs will be directly supported by the show in sectors including hospitality, construction and transport.

World Defense Show will demonstrate Saudi Arabia’s defence ecosystem and capabilities, featuring local entities like show founder General Authority for Military Industries (GAMI), Ministry of Defense, Ministry of National Guard, Ministry of Interior, Presidency of State Security and WDS Strategic Partner Saudi Arabian Military Industries (SAMI).

With the vast majority of exhibition space allocated across the 800,000m2 purpose-built venue, the event has attracted interest from the global defence industry.

Multinational firms and start-ups across air, land, sea, space and security are set to exhibit and demonstrate their latest assets and technologies in an optimal networking environment for collaboration and innovation.

Registration for industry professionals is available now through the World Defense Show website. All vetted international attendees will receive a complimentary multi-entry visa to Saudi Arabia – valid for one year – to facilitate progress and developments in the country’s defence industry post-show.

www.worlddefenseshow.com

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