|Dec 2014||39||Strategic Defense Intelligence||ASDR-167064|
This report provides a detailed analysis of the current industry size and growth expectations during 2014-19, including highlights of the key growth stimulators. It also benchmarks the industry against key global markets and provides detailed understanding of emerging opportunities in specific areas.
SDI’s "The Omani Defense Industry - Market Attractiveness and Emerging Opportunities to 2019: Market Profile" is an essential source of information covering the market attractiveness and emerging opportunities of the defense industry in Oman.
The Omani defense budget stands at US$9.6 billion in 2014 and registered a CAGR of 22.99% during the historic period. The forecast period is expected to witness an increase in defense expenditure at a CAGR of 5.60% to value US$12.6 billion in 2019. Oman’s defense expenditure will largely be driven by the country’s focus on the procurement of advanced weapons for countering nuclear powered Iran.
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