Five top reasons why BIDEC Tri-Service Defence Exhibition in Bahrain should be in your 2017 plans 12901176
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BIDEC 2017 Official Online Show Daily News & Official Web TV
Bahrain International Defence Exhibition & Conference
16 - 18 October 2017
Press Release BIDEC 2017
|Five top reasons why BIDEC Tri-Service Defence Exhibition in Bahrain should be in your 2017 plans.|
The inaugural BIDEC Tri-Service Defence Show in Bahrain presents a brand new opportunity for exhibitors to showcase the latest technology, equipment and hardware across land, sea and air. Education and military expenditures take the top two spots in Saudi Arabia’s 2017 budget, which estimates a spending of SR890 billion ($237.3 billion), an 8% increase from 2016.
BIDEC Tri-Serice Defence Exhibition will take place in Bahrain from the 16 to 18 October 2017.
Spaces are filling up fast for Bahrain International Defence Exhibition & Conference (BIDEC 2017), taking place 16-18 October 2017 at Bahrain Exhibition Centre. Ensure you are a part of this unique new defence & security event in the Middle East.
Revenue is projected to reach SR692 billion ($184.5 billion) in 2017, a 31% increase from initial projections. The budget deficit is expected to reach SR198 billion in 2017, reflecting 7.7% of the GDP. The budget projects a record 33% decrease in the Kingdom’s national deficit.
Oil revenues are estimated at SR480 billion, 46% higher than the 2016 projections. Non-oil revenues are estimated at SR212 billion, a SR13 billion increase over the 2016 projections.
Combined, these efforts will move the Kingdom closer to its Vision 2030 goal of balancing the budget by 2020.
The sector-wise allocations are as follows:
- Education: SR200 billion ($53.3 billion) - this covers public education, higher education and training.
The government plans to phase out its costly subsidies on energy, although low-income citizens will receive “direct cash support” to help them manage, a report in Arab News said.
It will also introduce “minimal” fees on foreigners gradually up to 2020, the Saudi Finance Minister Mohammed Al-Jadaan was quoted as saying. He ruled out income taxes on Saudi nationals, foreigners or company revenues.
The Minister added that the Saudi government had paid all outstanding dues to private sector firms as the beginning of December. Any claims submitted in the last three weeks will be paid in two months’ time.
File Photo: Earlier this month, the US State Department has made a determination approving a possible Foreign Military Sale to the Kingdom of Saudi Arabia for CH-47F Chinook Cargo Helicopters and related equipment, training, and support for an estimated cost of $3.51 billion.Source: www.defaiya.com
Five top reasons why BIDEC should be in your 2017 plans:
2. The first tri-service event in Bahrain, with the full support of the Bahrain Defence Force
3. BIDEC is a gateway to the lucrative Saudi Arabian market (See news)
3. It is the procurement platform for the Bahrain Defence Force (air, land & sea), Bahrain National Guard and the Bahrain Ministry of Interior
4. More face-to-face time with senior military delegations from across the MENA region under one roof5. Hear from representatives of the Arabic Coalition in Yemen in the Middle East Military Alliances & Coalitions (MEMAC) Conference
Army Recognition is the Official Online Show Daily news and Official Web TV for BIDEC 2017.