KSA Business: World Defense Show to boost KSA by $186m; thousands of jobs – Gulf Digital News

KSA Business: World Defense Show to boost KSA by $186m; thousands of jobs – Gulf Digital News

Saudi Arabia’s inaugural World Defense Show would generate thousands of jobs and boost the kingdom’s economy by SR700 million ($186 million), according to a report by consultancy Ernst & Young (EY).

As Saudi Arabia looks to localise 50% of its military expenditure under national Vision 2030 objectives, the event, founded by the General Authority for Military Industries (GAMI) and taking place in Riyadh from March 6 to 9 2022 under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud – will unlock opportunities for international exhibitors and visitors to be part of the kingdom’s growth.

According to the EY analysis, which considered factors ranging from daily visitor spend to imports and exports, World Defense Show will create SR700 million of economic activity by 2030.

The figures also suggest that 4,825 Saudi-based jobs will be directly supported by the show in sectors including hospitality, construction and transport.

World Defense Show will demonstrate Saudi Arabia’s defense ecosystem and capabilities, featuring local entities like show founder General Authority for Military Industries (GAMI), Ministry of Defense, Ministry of National Guard, Ministry of Interior, Presidency of State Security and WDS Strategic Partner Saudi Arabian Military Industries