Breaking news
United Arab Emirates still want to increase production of its defense and security industry 1903133.
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Defence News - United Arab Emirates |
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Tuesday, March 19, 2013, 10:40 AM | |||
United Arab Emirates still want to increase production of its defense and security industry. | |||
The
United Arab Emirates, increasingly a major military power in the Persian
Gulf, is stepping up efforts to develop its own defense industry. In large
part, it's doing this by making Western defense companies set up high-tech
projects in the federation as a condition of lucrative arms contracts
to diversify its economy from a dependence on oil and gas exports. |
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The latest generation of NIMR 6x6 armoured vehicle personnel carrier at IDEX 2013 Defence Exhibition in United Arab Emirates. |
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United
Arab Emirates is by far the most advanced in establishing its own defense
industry, even more so than Saudi Arabia, the most powerful of the gulf
monarchies, on the back of the billions of dollars they have spent on
buying Western weapons systems. The
United Arab Emirates, the world's fourth largest arms importer and riding
on the back of high oil and gas revenues, is expected to spend nearly
$13 billion on defense over the next three years compared to $9.3 billion
in 2011. |
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