Even if the World has been at peace since World War II, war and conflict are never far away. This is why we need a comprehensive approach to foreign policy, employing the broad spectrum of defence tools at our very disposal. A combination of our civilian and military missions with diplomacy and dialogue, as well as development policy to address the symptoms and causes of conflict at the global level, not to forget for peace and for guarding the national boundaries, Defence plays a vital role.
With threats and terror getting smarter than the latest defence technology and warfare, it is time for the nations’ defence to upgrade their force and technology and to outsmart and empower. Some countries are setting aside huge budgets for defence and deploying highly skilled personals to analyze, study and advise what the potential threats are and how to counter them constantly.
The Kingdom of Saudi Arabia has increased its defence spending and is on the serious look out for the best defence technology. Saudi Arabia is estimated to have the fourth largest defence budget in the world following USA, China and Russia valued at USD $ 52.9 billion in the 2013.
The Kingdom ranks in 7th position among the top 10 countries in defence expenditure and is expected to grow at a CAGR (Compound Annual Growth Rate) of 7.92% to reach US $ 77.3 billion by 2018.
The Kingdom of Saudi Arabia is expected to spend US $ 20 billion on border fence security system between now and 2018.
Looking at the defence spend by the Kingdom of Saudi Arabia, top companies from the top countries are already in talks with The Kingdom to sign contracts for future supply. With companies already setting base in the Kingdom and many countries signing contracts for joint ventures for procurement, Saudi Arabia is becoming the next big market for all the defence and is expected to grow in a large scale in the coming future.
Hence, “NISPANA” presents “Kingdom Defence Summit - 15th- 17th April 2014, at the Radisson Blu-Riyadh, Kingdom of Saudi Arabia” to highlight the future opportunities in this sector, capture the most effective and latest technologies, focus on investments and the roIe in Defence Management and bring in industry experts & solution providers from across the globe to share their expertise at this major event.
www.nispana.com/kingdomdefence