The World Defence Exhibition in Riyadh concludes: 220 agreements and 60 arms contracts
The World Defense Show, organized by the General Authority for Military Industries in the Saudi capital, Riyadh, concluded its activities with record-breaking figures reflecting the growing prominence of the Kingdom of Saudi Arabia on the global defense industry map. The exhibition's closing ceremony witnessed the signing of 220 agreements and memoranda of understanding, in addition to the conclusion of 60 arms contracts, representing a significant leap forward in the localization of military industries and the strengthening of international partnerships.
A strategic success that aligns with Vision 2030
This great success of the exhibition comes as a culmination of the Kingdom’s tireless efforts to achieve the goals of Vision 2030, which places at the top of its priorities the localization of more than 50% of government military spending by 2030. The exhibition was not just a platform for display, but rather it turned into a strategic working environment that brought together senior decision-makers, military leaders, and representatives of major international companies under one roof, which facilitated the process of exchanging experiences and transferring advanced technology to national cadres and local companies.
Strengthening international and local partnerships
This edition of the exhibition was distinguished by its broad international presence, with the participation of major defense and security companies from around the world, alongside a strong presence of Saudi national companies that demonstrated their competitiveness and innovation. The 220 agreements signed were not limited to traditional procurement deals, but focused significantly on joint development programs, scientific research, and the manufacturing of defense systems within the Kingdom, thus enhancing strategic decision-making independence and supporting the national economy.
The importance of the event and its regional and international impact
Regionally and internationally, the World Defence Exhibition has cemented Riyadh's position as a pivotal hub for defense and security dialogue. The event provided a unique platform to discuss global security challenges and showcase the latest defense technologies across land, sea, and air domains, as well as space and cybersecurity. The volume of contracts signed, which included 60 major arms deals, reflects global confidence in the Saudi market and the stimulating investment environment created by modern legislation in the military industries sector.
Future prospects for defense industries
With this edition drawing to a close, observers and experts are looking forward to the tangible results of these agreements in the coming years. They are expected to create thousands of job opportunities for Saudi youth and increase the military sector's contribution to non-oil GDP. What has been achieved in Riyadh is not merely a matter of numbers; it is the foundation for a new era of industrial and technological strength that will guarantee the security and future of the Kingdom and the region.
