GDA 2011 Gulf Defense Aerospace exhibition show daily news pictures information visitors exhibitors.

TNT production organizes the first edition of GDA, Gulf Defense & Aerospace exhibition and conference.

An International tri-service defense Exhibition and Conference dedicated to Defense, Aerospace, Homeland Security and Safety & Security, being held under the official patronage of His Excellency Sheikh Jaber Mubarak Al-Hamad Al-Sabah – First Deputy Prime Minister and Minister of the Kuwait Ministry of Defense.

Gulf States to spend $65 billion on defense budget

The specialist defense market intelligence firm, “Forecast International”, projects that in 2010 the GCC states will invest $63 billion in defense and security spending and that this figure will increase in 2011 to $65 billion. To confirm these estimates, the offset specialist, Blenheim Capital Partners, estimates that the GCC states will spend in excess of $105 billion in the next two years.

Gulf States have attractive offset programs

The Gulf States have attractive offset programs. It is reported that in European defense sales, the typical value of the required offsets are 100%, while the average for the rest of the world is approximately 60%. In the GCC the formal offset requirements are as shown on the table below.

Kuwait and the Gulf Cooperation Council (GCC) Military Delegations

The Gulf Defense & Aerospace exhibition conference is a dedicated business-to-business event created to allow exhibiting companies to meet with a top quality professional attendance. To ensure a top quality visitor attendance, government and military delegations from Saudi Arabia, UAE, Qatar, Oman and Bahrain will be invited by the Kuwait Ministry of Defense.

Kuwait and the Gulf Cooperation Council (GCC)

The host country for the Gulf Defense & Aerospace exhibition is The State of Kuwait which is a sovereign Arab emirate situated in the northeast of the Arabian Peninsula. It is bordered by Saudi Arabia to the south and Iraq to the north and lies on the northwestern shore of the Persian Gulf.

Kuwait has an open economy with proven crude oil reserves of about 96 billion barrels (15 km³), i.e. about 10% of world reserves. Petroleum accounts for nearly half of GDP, 90% of export revenues, and 95% of government income

Kuwait is a member of The Gulf Cooperation Council [GCC] which was established in an agreement concluded on 25 May 1981 in Riyadh, Saudi Arabia between: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE.