Future of the Kuwaiti Defense Industry - Market Trend, Growth, Size, Share, Attractiveness, Competitive Landscape and Forecasts to 2020
Kuwait has a defense budget of US$4.1 billion in 2015, and is expected to cumulatively spend US$20.2 billion on its military over the forecast period. The country's military expenditure is expected to grow at a CAGR of 2.48% to reach US$4.3 billion in 2020, compared to the -3.02% CAGR recorded during the historic period. The country's defense budget is mainly driven by its strained relationship with Iraq and investment in developing the indigenous defense industry to increase its visibility in...
View full press release