Saudi Arabia is boosting its defence budget by 27 per cent over the next five years despite lower oil prices. With regional conflicts worsening the oil-rich kingdom‘s neighbours, the United Arab Emirates and Qatar, are also planning to increase spending on their militaries, said consultancy IHS Jane’s Aerospace, Defence & Security. By contrast, smaller Gulf states are reacting to the lower oil-price by making deeper cuts to defence plans.

The IHS forecasts assume oil prices will recover to $80 a barrel by 2017, rising to $100 a barrel by the end of the decade. IHS says Saudi defence spending will be $48.7bn in 2015, a 2 per cent contraction over last year. It will rise slightly to $49.5bn next year before jumping to $52bn in 2017 and reaching $62bn by 2020.

Riyadh’s defence budget had been rising by 19 per cent a year since the Arab uprisings of 2011 placed Gulf governments under domestic political pressure.

Against this backdrop, SMi’s How to do Business in the Saudi Arabian Defence and Security Arena master class, taking place on 22nd March 2016 in London, will outline how to effectively engage with the Saudi Defence and Security sectors and thus exploit procurement opportunities in a challenging but potentially lucrative market.

The full-day programme will enable you to:

  • Learn how to develop business potential in the Saudi defence and security market
  • Understand unique traits in the Saudi defence market to maximise profitability
  • Expand your company’s global footprint and regional influence
  • Discuss the critical barriers to entry and how to overcome these to maximise effectiveness

Programme:

12:30 Registration

13:00 Opening Remarks and Introductions

13:10 Saudi Business Fundamentals

13:50 Saudi Defence and Security Landscape

14:30 Coffee Break

15:00 Saudi Defence and Security Ecosystem

15:40 Logistics and Next Steps

16:30 Q&A and Closing Remarks

16:45 End of Masterclass

Visit the website to download the brochure and view complete programme details.

For more information please contact Stephanie Warrington on 01254 356473 or [email protected]