New Market Research Report: United Arab Emirates Defence & Security Report Q2 2014
BMI expects the UAE to set its defence budget at US$103.8bn for 2014, and to increase this further to US $158.1bn by 2018. These levels of spending have given the UAE one of the largest defence budgets in the world. The country is spending lavishly on defence to update equipment considered obsolete, and also to address security threats which exist in its locale.
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