The Middle East’s homeland security market is set to grow from $17 billion to $34 billion by 2020, at three times the global growth average, according to a recent Frost & Sullivan report.
The steady increase demonstrates the Arab world’s robust homeland security and national resilience agenda, announced industry experts recently in the build-up to International Exhibition for National Security and Resilience (ISNR) 2016, to be held later this month, at the Abu Dhabi National Exhibition Centre (Adnec) in Abu Dhabi, UAE.
The largest share, 55 per cent or $15 billion, will go to securing government, energy, and critical national infrastructure.
Meanwhile, Saudi Arabia is expected to spend $57 billion on military and security in 2016, the highest share of its budget at 25 per cent, according to Frost & Sullivan.
The ISNR is set to be the largest of its kind in 2016, focusing on how to protect citizens against threats, enhance emergency readiness, and ensure stability, added the statement.
The event will be spread across 20,000 sq m of net indoor exhibition space, and will host five exhibitions, two conferences and over 60 seminars, and dozens of live events, simulations, workshops, and new solution launches, it said.
The organisers expect 20,000 attendees from over 90 countries, and 500 exhibitors from 45 countries, it further stated.
The event is held under the patronage of HH Sheikh Hazza Bin Zayed Al Nahyan, National Security Advisor, and Vice Chairman of the Abu Dhabi Executive Council.
The event is set to host over 20 country delegations and 200 representatives from government buyers, including armed forces, customs agencies, ministries of defense and IT, national oil companies, and police departments from Bahrain, Egypt, Jordan, Saudi Arabia, Kuwait, Oman, and the UAE.
The latest edition of ISNR will be held under the theme of “Connecting Governments, Society, and Business, Through Innovation, Leadership, and Excellence to Build Safer Communities and Ensure a More Resilient World”, said the statement.
Demonstrating the strong business opportunity, ISNR 2014 drove over $300 million in deals and partnerships. Continuing the momentum, ISNR 2016’s business connect team is set to arrange more than 3,000 meetings between government, private sector buyers, and exhibiting companies, a 60 percent growth over 2014.
Ten new countries will be participating, along with three new International Pavilions featuring participation from France, Germany, and the US, it added. – TradeArabia News Service
Mideast homeland security market set to reach $34bn
Officials at the conference
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