The Middle Eastern homeland security market is set to reach a value of US$34bn by 2020
A recent report by Frost and Sullivan predicted that the sector, fuelled by economic diversification and the proliferation of large infrastructure projects, will see a compound annual growth rate of 18.7 per cent – more than three times the global average – over the next five years.
In addition to infrastructure projects such as Abu Dhabi Airports’ multi-billion dollar investment programme, the Midfield Terminal Complex (MTC), which will have capacity to handle 30mn passengers per year, the region is also set to host a number of ‘mega-events’ such as the Dubai Expo 2020 in the United Arab Emirates (UAE) and the 2022 FIFA World Cup in Qatar.
“The regional mega-events that will be hosted by the region alone are driving infrastructure investment of up to US$700bn between now and 2020,” said 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). “These investments include residential and commercial construction, transportation infrastructure, and public utilities; all of which must be protected with advanced security systems and solutions.”
The growth of the security industry will include numerous sub-sectors, including emergency response, disaster management, and protection of critical infrastructure, as well as transportation security, biological defence, and Internet security.
