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

Embraer foresees demand for 10,550 new aircraft with up to 150 Seats over next 20 years

Embraer forecasts demand for 10,550 new aircraft with up to 150 seats worldwide, worth USD 600 billion, over the next 20 years. The in-service fleet is set to increase to 16,000 aircraft, up from the 9,000 aircraft currently in operation.

Gulfstream G500 completes high-speed world tour

Gulfstream Aerospace has announced the all- new Gulfstream G500 recently wrapped up its world tour after flying nearly 130,000 nautical miles/240,760 kilometers, stopping at 44 cities and visiting 18 countries on six continents in

Emirates receives IATA 753 compliance certification for baggage

Emirates has been awarded IATA 753 compliance certification for its baggage operation in its home base of Dubai.

FIA2018: Wataniya Airways to add 25 A320neo

At the Farnborough International Airshow (FIA) today, Rakan Al-Tuwaijri, Chief Executive Officer of Golden Falcon Aviation - the exclusive aircraft provider of Wataniya Airways - and Eric Schulz, Airbus Chief Commercial Officer,

Flight Fan-tastic?

The XTI Aircraft Company exhibited a one-third scale model of its planned TriFan 600 aircraft at the inaugural Kuwait Aviation Show in January 2018, as part of the company’s ambitious equity-based crowdsourced funding campaign. Jon

FIA 2018: Qatar Airways finalise order for Five 777 freighters

Boeing and Qatar Airways finalised an order for five 777 Freighters at the 2018 Farnborough International Airshow. The deal, valued at $1.7 billion at current list prices, was announced as a commitment in April.

TAA SK0902311218
See us at
MEBAA BT1004121218Cargo BT1004091018BIAS BT271017161118GATM BT1004061118Istanbul Airshow BT22018MAPS18_BT1207131118Aviation Africa BT0607280219AIME19BTA3005120219ASDubai BT1004091018