SecurityWorldMarket

22/01/2015

G4S predicts ME security market will grow to over $7B in 2015

Dubai, U.A.E

The world’s largest security company has forecast the Middle East security market to be worth more than US$7 billion in 2015.

Security firm G4S, which provides services to protect people, facilities and assets across the region, predicts an annual growth rate in the market of ten per cent across Egypt and the Gulf States.

Speaking ahead of a security conference in Dubai on Sunday, G4S’s regional managing director for the Middle East, Chris Fergus, said that the energy sector continues to drive regional demand for safety and security services.

“The inherent risks involved in the extraction, transportation, and management of precious natural resources in the Gulf, is boosting demand for security and safety services from fire alarm systems through to the provision of security officers and sophisticated technology. Companies operating across the Middle East are looking for security partners who can provide total security solutions that combine technology and expertise.

“G4S understands the wider challenges of oil and gas industry protection and helps producers to maintain and build trust in the security of their assets, reduce operational costs and build stronger reputations by improving overall business performance. The falling oil price has renewed companies’ determination to reduce production and operational costs and working with other providers of these services – including security – can help them to achieve that.” Fergus explained.



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