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

NAS launches new Pearl Lounges at Marrakech Menara Airport

National Aviation Services has launched its Pearl Lounges at the Marrakech-Menara Airport in Morocco reinforcing capacities at the newly renovated airport.

CEO of Airbus to step down

Airbus has announced that its CEO Tom Enders will be leaving the company in April 2019, reports aerotime.

Flydubai touches down at Kilimanjaro International Airport

Flydubai's inaugural flight touched down today at Kilimanjaro International Airport (JRO), increasing capacity to Tanzania and further expanding its network in Africa to twelve destinations.

Emirates takes Los Angeles Dodgers players to Dubai

Emirates, the Official Airline of the Los Angeles Dodgers, has brought all-star players Justin Turner (third baseman) and Chase Utley (second baseman) to Dubai to help further develop the game of baseball in the region.

Saab starts development and production in the UAE

Defence and security company Saab grows its presence in the United Arab Emirates (UAE) by establishing development and production in Abu Dhabi.

Etihad Airways recognised for commitment to travellers' health

Etihad Airways was this week recognised for its commitment to travellers' wellbeing after announcing it will become the first airline in the Middle East to offer Weqaya-approved meal selections onboard its flights.

Aviation Africa SK18418
See us at
Aviation Africa BT18418ArabianTravelMkBT250418BIAS BT271017161118AIME BT1204240118Istanbul Airshow BT22018MEBAA BT2018Saudi Future Airports BT150318