"United Arab Emirates Defence & Security Report Q3 2013" Published

Recently published research from Business Monitor International, "United Arab Emirates Defence & Security Report Q3 2013", is now available at Fast Market Research

Logo

Boston, MA -- (SBWire) -- 07/03/2013 --We expect the UAE's defence spending to increase by a very significant 13.6% annually to AED157.9bn in 2017; this will reflect an increase of a total of 88.8% over our five-year forecast period. It will take defence spending per capita to AED18,209.

Notably, at a time when defence budgets in developed states are under pressure from fiscal constraints, we expect the share of national gross domestic product (GDP) accounted by the UAE's defence sector to continue climbing. It has risen from 5.1% in 2008, to stand at 6.0% in 2012. This is forecast to rise to 7.3% by the end of our 2017 forecast period.

The push to establish itself as a key regional defence hub and the ongoing modernisation of defence equipment, as the country seeks to enhance its technological capabilities, will be major drivers of defence expenditure growth. However, the country's ability to support this growth will be predicated on greater state investment and this will be informed by a robust economic growth outlook over our forecast period; we are forecasting average annual real GDP growth of 3.7% to 2017.

View Full Report Details and Table of Contents

BMI's UAE Defence & Security Report examines the country's strategic position in the Middle East and the wider world. It provides an overview of the contemporary geopolitical challenges facing the country, and the challenges it may face in the future, especially in the context of tensions with Iran and of the Arab Spring.

In addition, the report examines the trends occurring in the country's current and future defence procurement, and the order of battle across its armed forces. The general conclusion is that the UAE will continue to invest heavily in defence procurement, spending more than all the other countries in the Gulf Cooperation Council with the exception of Saudi Arabia and so giving itself a capability edge over many of its neighbours in spite of the relatively modest size of its armed forces.

In particular, the UAE and its Gulf Cooperation Council (GCC) partners must decide whether they wish to proceed with a US-led initiative that would integrate their individual missile defence systems to form a regional missile shield. These countries all field US-built systems that are interoperable, and a larger network of systems would provide better protection against incoming threats. However, the GCC has never undertaken such far-reaching defence co-operation in the past, and it may be reluctant to do so now, even in light of the threat posed by Iran.

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Defense research reports at Fast Market Research

You may also be interested in these related reports:

- Poland Defence & Security Report Q3 2013
- Brazil Defence & Security Report Q3 2013
- United States Defence & Security Report Q2 2013
- Iraq Defence & Security Report Q3 2013
- Saudi Arabia Defence & Security Report Q3 2013
- Kuwait Defence & Security Report Q3 2013
- Homeland Security and Emergency Management Market, 2013-2018
- Malaysia Defence & Security Report Q3 2013
- Bulgaria Defence & Security Report Q3 2013
- United Arab Emirates Business Forecast Report Q3 2013

Media Relations Contact

Bill Thompson
Director of Marketing
800-844-8156
http://www.fastmr.com

View this press release online at: http://rwire.com/268711