Saudi Arabia increased its defence and security budget by 18.6% in 2013, the largest rise in spending since 2007, according to new figures released by the Saudi Arabian Monetary Agency.
Top companies from the top countries are already in talks with The Kingdom to sign contracts for future supply.
“NISPANA” presents “Kingdom Defence Summit” to bring forward and highlight the future opportunities in this sector.
The three-day event will be held on 15-17April-2014, at the Radisson Blu-Riyadh. Eminent government stakeholders and professionals are scheduled to attend.
The summit aspires to give an insight into the various reports formulated worldwide by some of the finest defence experts, discussing latest technologies to be incorporated to streamline all upcoming defence projects across the Kingdom of Saudi Arabia.
The Saudi Arabian Ministry of Defence and Aviation has the world’s 4th largest defence budget among the top 10 military spenders in the world and is expected to grow by 2018.
Saudi Arabia is forecasted to spend $ 20 billion USD by now and 2018 on border fencing. Kingdom of Saudi Arabia is rapidly ramping up on the defence front opening up a lot of opportunities in the Kingdom of Saudi Arabia for the defence manufacturers and defence service providers from across the world.
The conference will place emphasis on three central themes:
- Collaborate: Anywhere, Anytime Collaboration. Securing a nation is an active, collaborative process
- Innovate: The Defense Innovation Marketplace is a centralized online resource to better connect industry with government customers to invigorate innovation
- Execute: Execution through military collaboration and innovation
Contact for further Information:
Ms Mohita Bhimsaria
Phone: +91 (80) 4933 1000