Subscribe Free
in Defence

Saudi joins the big guns in defence spending

Posted 12 April 2016 · Add Comment

Saudi Arabia has overtaken Russia to become the third largest spender on military equipment.

According to the Stockholm International Peace Research Institute (SIPRI), which tracks arms expenditure around the world, global military spending reached almost $1.68 trillion in 2015, marking a year-on-year increase for the first time since 2011.
The USA and China hold the top two big guns followed by Saudi.
Since 2006, Saudi annual military spending has nearly doubled with much of the recent spending attributed to the Kingdom’s entanglement in the costly war in Yemen
“Military spending in 2015 presents contrasting trends,” said Sam Perlo-Freeman, Head of SIPRI’s military expenditure project, in a statement.
“On the one hand, spending trends reflect the escalating conflict and tension in many parts of the world; on the other hand, they show a clear break from the oil-fueled surge in military spending of the past decade. This volatile economic and political situation creates an uncertain picture for the years to come,” he added.
 

* required field

Post a comment

Other Stories
Advertisement
Latest News

New airport to help the pilgrims progress

Work is under way to establish a new international airport in Taif, Saudi Arabia, to help meet growing demand for haj and umrah flights. Alan Dron reports.

Emirates Airline to improve passenger experience at Terminal 3

Travellers departing from Dubai International Airport Terminal 3 can look forward to a smoother airport experience with the implementation of two new initiatives that will streamline the check-in and immigration checks at

Executive AirShare's Launch Lease offers Middle-Market companies travel flexibility

Companies of all sizes see the impact private travel can make to their bottom line. By avoiding the hassle and delays of commercial travel, their leaders utilise their time more efficiently to see more people, more frequently, to ensure

Oman gets first Typhoon

The Royal Air Force of Oman has received its first Eurofighter Typhoon combat jet - part of a batch of 12 - with its arrival marked with a ceremony, held last week in the presence of the Commander of the Royal Air Force of Oman - Air Vice-Marshal

Why the SANG will soon be on song

Building a 156-strong rotary-wing fleet is a part of the Saudi Arabian National Guard's modernisation effort, which fits into the country's 2030 modernisation plan. David Oliver reports.

Honeywell helps aircraft operators comply with upcoming mandates

Honeywell has met the performance standard for transponders required by the European Aviation Safety Agency to make air traffic management safer and more efficient.

TAA SK 12MTHS16
See us at
Aviation Africa BT18418Global Aerospace BT28218RMIT BT1631817DIAC BT1105121117DAS BT1105161117AIME BT1204240118