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World Defense Show concludes first edition with US$ 7.92bn in deals

by Kevin Vaz
April 16, 2023
in Events

Biennial, four-day Show is founded by the General Authority for Military Industries (GAMI)

Ahmad Al-Ohali, Governor, GAMI

Following four trade days that brought together 600 defense and security exhibitors from 42 countries, the four-day World Defense Show (6 to 9 March 2022) concluded its first edition in the Saudi Arabian capital Riyadh recording SAR29.7bn (US$ 7.9bn) in deals.

Founded by the General Authority for Military Industries (GAMI), the world’s first show focused on defense interoperability received 80 global military delegations, 65,000 visits and representation from 85 countries from east to west.

“The networking, knowledge-sharing and commercial relationships established through the World Defense Show platform will spur a new era of investment and growth for Saudi Arabia’s defense and security industry bringing us closer to achieving our target of localizing more than 50% of the Kingdom’s military expenditure by 2030,” observed Ahmad Al-Ohali, Governor, GAMI.

As the regulator, enabler and licensor of Saudi Arabia’s defense sector, GAMI worked with partners to review contracts announced at the show, with detailed evaluation of technical specifications in line with international standards, ensuring spending efficiency and operational readiness.

The 2022 edition of World Defense Show was packed with industry-leading networking programs and demonstrations. From creating business opportunities through the ‘Meet the Buyer’ programme to thought-provoking initiatives such as International Women in Defense and Future Talent, the show paved the way for further collaboration, sector growth and human capital development a press communique concluded. The second edition of the biennial WDS will be hosted in Riyadh between 3 to 6 March 2024.

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