61 deals worth USD 7 bn at World Defense Show 2024

773 exhibitors from 73 nations turn up at Riyadh show

Defence & Aerospace

February 9, 2024

/ By / Paris

61 deals worth USD 7 bn at World Defense Show 2024

Saudi defense minister inaugurates World Defense Show 2024

Second edition of World Defense Show 2024 wrapped up in Saudi Arabia with particpation from over 773 exhibitors from 76 countries and led to signing of deals worth USD 7 billion.

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The second edition of the World Defense Show 2024 that was organised in Riyadh in Saudi Arabia concluded on Thursday with significant milestones achieved.

In a press statement, the organisers say that the show saw a total of 61 orders being placed with cumulative value of SAR 26 billion or USD 7 billion.

The organisers say that the event boasted participation from over 773 exhibitors from 76 countries and more than 441 official delegations from 116 countries, drawing in a total of 106,000 visitors.

They add that throughout the duration of the show, 73 MoU agreements were inked, of which 17 were offset agreements, highlighting the event’s role as a pivotal platform for global defense collaboration and innovation.

expressed his appreciation for the global defense community’s engagement and extended a special acknowledgment to the Saudi leadership for their patronage, stating:

Ahmad Al-Ohali

“We are deeply gratified by the global defence community’s keen interest in Saudi Arabia as a major player in the defense industries sector. World Defense Show 2024 has effectively connected industry leaders and innovators from across the globe, showcasing our nation’s growing influence and capabilities. I extend my profound thanks to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and HRH Crown Prince Mohammad bin Salman, for their esteemed patronage. Their visionary leadership is crucial in driving our nation towards achieving the Vision 2030 objectives, particularly in localising more than 50 pc of defence expenditure and bolstering the Saudi defence and security industry,” says Ahmad Al-Ohali, Governor of General Authority for Military Industries (GAMI), regulator of Saudi Arabian defence industry.

Andrew Pearcey

“The 2024 edition of the World Defense has provided international exhibitors with access to Saudi Arabia’s ever-growing defense and security market. With extensive international participation and substantial deals announced, the show has facilitated invaluable networking, knowledge-sharing, and commercial relationship-building helping establish it as the premier defense and security show in the region. I look forward to welcoming the global defense community back to Riyadh in 2026,” says Andrew Pearcey, Chief Executive Officer of the World Defense Show.

The show featured a range of programmes, including the International Women in Defence Programme, Future Talent Programme, and Defence Space Arena, each contributing to sector growth, collaboration, and human capital development. The organisers say that these programmes not only celebrated achievements and discussed challenges, but also set the stage for future collaboration and growth in the defence industry.

They add that as preparations for the third edition in 2026 begin, World Defense Show looks forward to continuing its role as a global driver of collaboration, innovation, and business opportunities in the defense and security sectors.



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