GEC NEWS WIREMiddle East Homeland Security Market Set to Double to USD 34 Billion by 2020
The seventh 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.”
According to Frost & Sullivan report, over the next five years, the Middle East’s homeland security market is set to grow from USD 17 billion to USD 34 billion, at three times the global growth average. The largest share, 55 percent or USD 15 billion, will go to securing government, energy, and critical national infrastructure.
The Kingdom of Saudi Arabia is spending USD 57 billion on military and security in 2016, the highest share of its budget at 25 percent, according to Frost & Sullivan.
The Arab World will be well-represented at ISNR 2016. 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, Kingdom of Saudi Arabia, Kuwait, Oman, and the UAE.
Ten new countries will be participating, along with three new International Pavilions featuring participation from France, Germany, and the United States. Supporting the UAE’s homeland security and national resilience, the inaugural UAE Ministry of Interior Excellence Awards will recognize six student innovations. Over 30 small- and medium-sized enterprises are joining forces in the UAE SME Pavilion.
