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Saudi Arabia’s World Protection Present 2024 to woo traders, entice wider viewers
RIYADH: The World Protection Present 2024 is gearing as much as be a big international occasion, and one of many key highlights is Turkiye’s debut.
The present, scheduled for February subsequent yr, will witness the presence of 29 Turkish protection firms, making it one of many largest nation pavilions with an enormous exhibiting house of three,229 sq. meters.
In an interview with Arab Information, Mansour Al-Babtain, chief liaison officer for Saudi Arabia at WDS, emphasised the importance of Turkiye’s participation on the forthcoming occasion.
He stated: “This not solely displays the expansion of WDS but in addition underscores the worldwide curiosity within the Saudi Arabian market.”
Outstanding international locations’ participation
Al-Babtain highlighted the numerous progress within the variety of international locations collaborating within the present subsequent yr in comparison with the primary version.
“WDS 2024 is about to witness over 60 exhibiting international locations, a considerable improve of greater than 20 nations in comparison with the primary version. We’re excited to welcome first-time illustration from international locations reminiscent of Azerbaijan, Bahrain, Denmark, Kuwait, Oman and several other new African international locations,” he stated.
Al-Babtain added: “We have now additionally noticed important growth from returning international locations, with pavilions from the Czech Republic, Greece, China, India, Switzerland, Italy and Sudan rising considerably.
“Turkiye, in its first look, has already secured the place of the third-largest nation represented on the occasion, following China and Saudi Arabia. Notable international locations like France, South Korea, the US, and the UAE have additionally dedicated to giant ground house.”
Future Expertise program
Discussing the Future Expertise program, Al-Babtain emphasised its essential function in offering a pipeline of younger expertise for the rising protection sector.
He stated: “A rising sector calls for a gradual inflow of younger expertise. In step with Saudi’s Army Industries Human Capital Technique, our Future Expertise program serves as a platform to attach potential scientists, innovators and leaders with alternatives throughout the protection provide chain.
“Saudi Arabia’s substantial investments in training, abilities and coaching name for companies working within the nation to align with these human functionality improvement packages.”
He added that at WDS 2022, they efficiently linked over 5,000 college students specializing in science, know-how, engineering and arithmetic to profession alternatives and apprenticeship packages within the protection sector.
“For WDS 2024, we have now set an formidable goal of connecting 8,000 college students, collaborating with GAMI (Basic Authority for Army Industries) and different trade our bodies to bridge the talents hole and supply alternatives for younger Saudis,” Al-Babtain defined.
Position of Meet the KSA Authorities Program
Al-Babtain elaborated on the importance of the Meet the KSA Authorities program, stating: “World Protection Present was conceived by GAMI to help the Saudi management’s imaginative and prescient of localizing 50 p.c of home protection gear and companies expenditure by 2030.
“Our program serves as an important pathway for worldwide gamers to achieve insights into the most recent protection procurement insurance policies, procedures and processes within the Kingdom.”
He emphasised that the Meet the KSA Authorities Program “offers a novel alternative for contributors to fulfill senior authorities representatives and decision-makers accountable for nationwide procurement. This permits for potential partnerships and collaborations inside Saudi Arabia, providing thrilling prospects for future engagements.”
International protection trade collaboration
Al-Babtain highlighted WDS’s function as a novel platform for the worldwide protection trade to attach and collaborate.
“WDS serves as a world discussion board that brings collectively all the protection sector, spanning nations, provide chains and numerous teams. By fostering collaboration and partnership alternatives throughout know-how, intelligence and {hardware} sectors, WDS has develop into a convener for a extra inclusive and numerous protection trade,” he stated.
Al-Babtain added: “With exhibitors from greater than 60 international locations and over 100 official delegations from 50 international locations, together with commerce, media and governmental guests from internationally, the present offers an unmatched alternative for attendees to take part in a variety of navy, safety and protection displays, discussions and panels.”
Potential funding alternatives
Requested about potential funding alternatives from collaborating within the present, Al-Babtain replied: “It’s difficult to quantify the precise extent of potential funding alternatives ensuing from the present, each within the brief and long run. Nonetheless, over the last version, we witnessed offers price SR29.6 billion ($7.9 billion) signed over the 4 days.”
“With the present’s expanded format, that includes elevated exhibition house and a five-day length, and a bigger variety of exhibitors, the potential funding alternatives are immense and shouldn’t be missed,” he emphasised.
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