Mideast set to spend $2.1bn on security
Dubai, December 25, 2010
Middle East is set to spend around Dh7.71 billion ($2.1 billion) on security-related equipment and services with the surge expected to increase by 50 per cent until 2013, said the organisers of an upcoming trade fair on safety in Dubai.
“Countries in the Middle East region are prime players in the market for security-related products and services,” said Ahmed Pauwels, chief executive officer of Epoc Messe Frankfurt, organisers of Intersec, the region’s leading networking and trade platform for safety and protection.
“The economy of fighting terror threats is one of the fastest growing in the world today, with average spending globally estimated to be around Dh6.16 trillion annually,” he added.
“Security consciousness is widespread across the region today. A recent study by the Homeland Security Research Corporation indicated that spending on homeland security in the UAE alone is expected to double from Dh20.2 billion ($5.5 billion) to Dh36.7 billion ($10 billion) over the next ten years,” Pauwels stated.
Industry leaders have estimated that over the next few years more than 60,000 buildings in Dubai will be fully equipped with direct alarm systems, to bring them in line with international safety best practices being actively promoted by the local authorities.
Additionally, the market for fire detection and suppression systems in the Gulf, is expected to surge to Dh4.11 billion ($1.12 billion) in 2013, up from Dh2.33 billion ($635 billion) in 2008.
According to research, the cumulated Saudi market for homeland security, forecasted to become the largest in the world after the US, is expected to be worth around $97 billion in the 2010-2018 period.
Saudi Arabia has 24 separate agencies and organisations, arranged in a three-tier structure, employing more than 250,000 personnel (a number that is expected to grow by an additional 35,000 over the forecast period), a statement said.
“There is an increasing push among countries of the Middle East region to install the latest in security systems, surveillance mechanisms and other countermeasures,” said Pauwels.
Over 700 exhibitors from 50 countries participated in the 2010 event, which will be next held at the Dubai International Convention and Exhibition Centre from January 16 to 18, 2011.
Intersec 2011 will be divided into different main areas of interest: commercial security & information security, aviation security, homeland security & policing, fire & rescue and safety & health.
Security fences, thermal scanners, monitoring and surveillance systems, biometric readers and specialised arms and hazard control equipment are high on the agenda as they step up measures to protect pipelines, oil and industrial installations and air and sea ports, the statement added.
The indoor demo area, an extensive outdoor demonstration programme on counter terror and tactical deployment as well as the UAE international firefit championships, and the exhibitor expert forum will also be part of the programme for Intersec 2011 which will be complemented by a three-day conference running parallel to the event. – TradeArabia News Service