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ME Homeland Security Market Will See a Growth rate that is three times the Global Average
posted on Oct 12, 2015
According to a recent Frost and Sullivan report, the Middle East’s homeland security market will see a compound annual growth rate that is three times the global average, and it is driven primarily by economic diversification and massive scale-up in infrastructure projects such as the centerpiece of Abu Dhabi Airports multibillion-dollar investment program, the Midfield Terminal Complex (MTC), which will have capacity to handle 30 million passengers per year, and up to 8,500 passengers per hour; in addition to hosting mega-events such as the Dubai Expo 2020 in the United Arab Emirates and the 2022 FIFA World Cup in Qatar.
The report also indicated that overall spending on protection, homeland security, and investment includes providing support to multiple aspects, notably emergency response, disaster management, and protection of critical infrastructure, as well as transportation security, biological defense, and internet security among others. The Middle East’s homeland security market is expected to see a compound annual growth rate and hit 34 billion dollars per year by 2020.
Major General Dr Ahmed Nasser Al Raisi, Deputy Chairman of the Higher Organizing Committee of the International Security, Safety and National Resilience exhibition and conference (ISNR 2016), said: “The Middle East’s homeland security market will see a compound annual growth rate of 18.7 per cent, and hit $34 billion per year by 2020, a growth rate that is three times the global average, a growth rate three times higher than the global average and it is driven primarily by good news and favorable positive conditions.
He added: “The regional mega-events that will be hosted by the region alone are driving infrastructure investment of up to $700 billion between now and 2020. These investments include residential and commercial construction, transportation infrastructure, and public utilities; all of which must be protected with advanced security systems and solutions.”
Moreover, Major General Dr. Al Raisi explained that the International Security, Safety and National Resilience exhibition and conference (ISNR 2016), which is scheduled to take place at the Abu Dhabi National Exhibition Centre (ADNEC) in Abu Dhabi on 15th -17th March, 2016, is a dedicated comprehensive platform for countries from around the world to view and source the world's latest homeland security solutions.
Adding further, Major General Dr. Al Raisi said: “Now in its seventh edition, the International Exhibition for National Security and Resilience (ISNR) Abu Dhabi is considered the venue for three specialized events, including Infosecurity Middle East and Emergency Response and Disaster Prevention Exhibition. It will also host two co-located events under the same roof: Firefighting Middle East and Occupational Safety and Health Middle East.
Nicky Dawson, Group Exhibition Director at Reed Exhibitions, organizer of the exhibition, noted that that there is a significant interest in continuous development of new security solutions, so as to enhance the emergency response rates.
Adding further, Dawson said: “ISNR Abu Dhabi is the number one platform to discover the latest trends and technologies related to these sectors, all under one roof. The three-day event, which will be held at the Abu Dhabi National Exhibition Center (ADNEC), is expected to see more 500 exhibiting companies from 45 countries to exhibit their security solutions to nearly 20,000 attendees from more than 90 countries.”
Dec 12, 2014
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