Future of the Saudi Arabian Defense Industry Research Reports - 2 views
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Matilde Fernandes on 29 Apr 14Saudi Arabia is estimated to have the fourth largest defense budget in the world, behind the US, China, and Russia. Valued at USD 52.9 billion in 2013, the country's defense expenditure is at the seventh position among the top 10 military spenders. An underdeveloped domestic defense industry coupled with the country's high spending power makes the competitive landscape for Saudi Arabian defense favorable presenting ample opportunities for foreign OEMs to enter the market through an alliance route.