Marketreportsonsaudiarabia.com presents a new report on “Saudi Arabia Defence and Security Report” Work to develop the local defence sector under Vision 2030 will take many years, and domestic defence companies' ability to meet requests for technologically advanced equipment will remain limited over our forecast period.
Reduced government revenues amid lower oil prices will negatively impact Saudi military spending growth in the short term. However, facilitated by high oil production and a strong fiscal position, the kingdom's defence budget will see robust long-term expansion driven by Riyadh's rivalry with Tehran, risks of spillover from instability in neighbouring states and rising threats from Islamist militancy, sectarian violence and social unrest. Efforts to secure land borders, fight terrorism and assist allies in regional conflicts will drive procurement of ground and air equipment, while the need to protect the kingdom's territory and shipping routes from Iran will drive investment into strengthening naval, as well as air defence capabilities. Work to develop the local defence sector under Vision 2030 will take many years, and domestic defence companies' ability to meet requests for technologically advanced equipment will remain limited over our forecast period.
Recent Developments
- As part of its Vision 2030 plan, the Saudi government seeks to increase the share of defence spending on locally-produced equipment and services to 50% in the next 15 years.
- Cuts in public spending and subsidies are being undertaken, and may raise the longer-term potential for social unrest.
- Tensions between Saudi Arabia and Iran have intensified. Riyadh's execution of prominent Shi'a cleric Nimr al-Nimr - which in turn sparked an attack on the Saudi embassy in Tehran - led to a severance of diplomatic ties between the two countries in January 2016.
- Following Riyadh's execution of al-Qaeda militants convicted of terrorist crimes in January 2016, the group's leader al-Zawahiri called for new attacks on Saudi Arabia. Meanwhile, several Islamic State attacks have occurred in Saudi Arabia in the last few months.
- Riyadh has stated that it is considering an intervention against IS in Syria.
- Riyadh suspended its USD3bn aid package to Lebanon in February 2016.
Table of Contents
1. Defence Expenditure Headline Forecasts (Saudi Arabia 2015-2020)
2. Swot Analysis
3. Industry Forecast
4. Defence Expenditure (Saudi Arabia 2014-2019)
5. Defence Expenditure (Saudi Arabia 2020-2025)
6. Saudi Arabia - Bilateral Defence Agreements
7. Middle East and Africa - Defence Industry Risk Reward Index
8. Armed Forces Personnel (Saudi Arabia 2008-2013)
9. Defence Risk/Reward Index Indicators
10. Weighting of Defence Risk Reward Index
For More Information Kindly Visit: http://www.marketreportsonsaudiarabia.com/industry-mfg-market-research-reports-70/saudi-arabia-defence-security.html
For More Related Reports: http://www.marketreportsonsaudiarabia.com/search/?q=Defence
About Market Reports on Saudi Arabia
Market report on Saudi Arabia is a portal where you can access thousands of reports on Saudi Arabia starting from aeronautics to zinc (a-z). We provide you with reports which will help you gain a better understanding of the sectors, companies, new products and latest trends.
Contact Us
Market Reports On Saudi Arabia
Contact No: +91 22 27810772 / 27810773
Email:
[email protected]
Website: http://www.marketreportsonsaudiarabia.com
Follow us on Facebook: https://www.facebook.com/MarketReportsOnSaudiArabia/
Follow us on Twitter: https://twitter.com/SArabiaResearch
Follow us on Linkedin: https://www.linkedin.com/company/market-reports-on-saudi-arabia