Saudi Arabia Defence and Security Report 2015

Published Pages Publisher Report code
Jun 2015 82 Business Monitor International ASDR-205367
Saudi Arabia Defence and Security Report 2015

Our View: Saudi Arabia’s domestic defence sector remains small on a global comparison. As such, the
country relies heavily on imports to meet the requirements of its armed forces. Saudi Arabia’ military
expenditure is among the highest in the world, driven by government concerns over the perceived
strengthening of Iranian influence in the region; the external as well as internal expansion of Islamist
militant groups hostile to the House of Saud (such as the Islamic State and AQAP); and rising sectarian
tensions in oil-rich Eastern Province, where a large number of Shi’a Muslims reside. As a result of these
dynamics, we expect demand for military equipment to remain strong over the next five years - particularly
in the sea segment, as the Saudi Navy embarks on an extensive modernisation programme of its Eastern
In 2015 we expect Saudi Arabia’s defence spending to amount to USD56.7bn, representing a decline of
4.1% year-on-year (y-o-y). This reduction reflects a slowdown in overall economic growth than a lowering
of the government’s defence sector budget allocation - as illustrated by the fact that military expenditure as a
percentage of GDP remains high at a forecast 7.6%. The Saudi-led campaign against Houthi rebels in
Yemen; its strengthening of border security to prevent terrorists and criminals from entering the country; its
support for Sunni allies in the wider region; as well as its continued investment into state-of-the-art military
equipment to counter the threat of its regional rival Iran will require substantial funding over the course of
the year.

Purchase this report

US$ 1,295.00

This report is part of BMI's country analyses series in multiple markets. If you buy multiple reports from this series you will receive below quantity discounts.
With the link below 'More reports' you will go to the overview page with all reports part of this series.

QuantityPrice per Report2 reports US$ 1,180.003 reports US$ 1,120.004 reports US$ 1,060.005 reports US$ 1,005.006 reports US$ 945.007-20 reports US$ 885.0021-100 reports US$ 770.00

More reports with this discount.

* - discounts are calculated in your cart

Questions about this report?
P: +1 646 513 4192 (US)
P: +31 20 486 1286 (EU)

Related Events