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
Latest News

Emirates anticipates high passenger traffic for spring holiday

Travel is expected to peak for Emirates, as the airline expects yet another busy period with visitors passing through Terminal 3 ahead of the spring holiday.

Boeing 737 MAX 7 completes successful first flight

Boeing's new 737 MAX 7 successfully completed its first flight today. The airplane remains on schedule and now begins a comprehensive flight test programme leading to certification and delivery in 2019.

IATA innovates dangerous goods handling

The International Air Transport Association (IATA) has launched an innovative new solution for the air cargo industry: Dangerous Goods AutoCheck (DG AutoCheck safety and improve efficiency in the transport of dangerous goods by air

Emirates set to close US$600 million Sukuk

Emirates has announce a successful execution of a US$600 million sukuk (Islamic finance issuance). The issuance received a good response from both local and international investors.

Riyadh Travel Fair 2018 sells out ahead of its 10th anniversary show

Celebrating its 10th anniversary as “KSA’s Leading Travel Trade and Consumer Show”, RTF 2018 has sold out ahead of its show this April.

Emirates Aviation University students participate in Boeing Mentorship Programme

Seven students from Emirates Aviation University will take part in the Boeing Mentorship Programme, developed by Boeing Middle East.

Aviation Africa SK18418
See us at
Global Aerospace BT2018MEBAA BT2018BIAS BT271017161118AirportShow BT1502090518Aviation Africa BT18418SOFEX BT2018Istanbul Airshow BT22018ArabianTravelMkBT250418