Deloitte: Saudi Arabia among the world’s 6 largest spenders on national defenseDOWNLOAD
11 June, 2014 - Fundamental shifts in defense policies around the world are occurring: Russia’s moves in Crimea, Japan’s efforts to revitalize its defense, China’s military buildup, and US debates over post-war defense spending, will all continue to have a significant effect on global defense spending.
At the Middle Eastern level, Saudi Arabia’s increasing defense budget is tied to new capital programs including new and re-fitted F-15 fighter aircraft totaling nearly US$30 billion. Other Middle East countries included among the top 50 spenders worldwide include the United Arab Emirates, Oman, Iraq, Kuwait, and Egypt.
Deloitte’s new annual report, “Global Defense Outlook 2014”, examines trends, policies and key drivers in the current shift in defense spending. Specifically, the defense ministries of 50 nations whose total publicly-acknowledged spending on national defense accounts for more than 92% of global defense outlays, are looked at in-depth.
Six nations – the United States, China, Russia, Saudi Arabia, Japan and France generate 60% of global defense spending and adaptation, collaboration and investment are predicted to be the top-priority for defense management strategies in the coming years.
Other key highlights of the report include:
To view the whole report, go to: www.deloitte.com/2014globaldefenseoutlook