The General Authority for Military Industries, GAMI, has opened the second edition of the World Defense Show 2024.
The defense show is to run from February 4th to Feb 8th, 2024 in Riyadh and feature 773 exhibitors from 75 countries.
A significant deal has already been signed with Italy’s Leonardo at the show, promising to boost Saudi Arabia’s aerospace sector.
The World Defense Show is a strategic platform aligning with Saudi Vision 2030, emphasizing technological defense innovation and increasing localization in the defense sector.
World Defense Show’s Overview
The World Defense Show is a pivotal event in the global defense sector. Scheduled to run until February 8, the event has attracted a broad spectrum of exhibitors from across the globe.
With representation from 75 countries, the show features an impressive lineup of 773 exhibitors. The diversity and depth of participation are a testament to the Kingdom’s strides in military localization.
The Figure Behind the Inauguration
As the Saudi Defense Minister, Prince Khalid bin Salman has been at the heart of the Kingdom’s defense strategy.
His role in inaugurating the World Defense Show 2024 on behalf of Crown Prince Mohammed bin Salman signifies the Saudi leadership’s high importance on this event and its potential to revolutionize the Kingdom’s defense sector.
“This event is a strategic platform aligning with Saudi Vision 2030, emphasizing future readiness and technological innovation in the defense sector” – Prince Khalid bin Salman.
The World Defense Show 2024 was also the platform for announcing a significant agreement between Saudi Arabia’s Ministry of Investment and Italy’s Leonardo.
This memorandum of understanding is set to explore opportunities in the defense and aviation sectors, promising to boost Saudi Arabia’s aerospace sector.
Key Points of the Deal
- Improve Defense Capabilities
- Enhance Aviation Industry
- Develop Space Industry
- Advance Airframe Maintenance
- Promote Radar Localization
World Defense Show: A Strategic Platform
The World Defense Show is not just an event; it’s a strategic platform aligning with Saudi Vision 2030. The show emphasizes future readiness and technological innovation in the defense sector.
It is a dynamic platform for sharing insights and strategies among the global defense community, significantly contributing to advancing worldwide defense and space capabilities.
The World Defense Show Highlights
The World Defense Show 2024 offers an engaging and interactive introduction to space defense development. The Defense Space Arena, sponsored by the Saudi Defense Ministry, is one of the event’s key highlights.
It showcases the vast potential of space capabilities, technologies, and solutions with exciting digital content from major industry players, including BAE Systems, Boeing Space, Leo Labs, and Lockheed Martin.
Aligning with Vision 2030
The World Defense Show aligns with Saudi Arabia’s Vision 2030, which aims to increase private sector contribution to the GDP to 65 percent by 2030. The event catalyzes the attraction of significant foreign investment and important corporations.
It provides an ideal environment for fostering international defense and security industry partnerships, aligning with the Kingdom’s vision through technology transfer and skill development.
The Economic Impact
The World Defense Show 2024 is also a significant economic event. Saudi Arabia’s broader strategy is to increase local content through its portfolio companies to 60 percent by the end of 2025.
The show is an opportunity to showcase the Kingdom’s efforts in driving localization in the defense sector, enhancing competitiveness, and creating job opportunities.
The World Defense Show’s Future
Looking ahead, the World Defense Show is set to continue playing a pivotal role in fostering international collaboration in the most crucial areas of defense and security.
The success of the Defense Space Arena is a testament to the Show’s pivotal role in fostering international collaboration in the most crucial areas of defense and security.
As a strategic platform, the World Defense Show promises to shape the future of the global defense sector, opening new horizons for technological innovation and international collaboration.