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Market Report, "Saudi Arabia Defence & Security Report Q1 2011", published

Recently published research from Business Monitor International, "Saudi Arabia Defence & Security Report Q1 2011", is now available at Fast Market Research

 
PRLog - Jan. 6, 2011 - Saudi Arabia has embarked on a massive arms deal with the US, indeed the largest ever between the two countries. On October 20 2010, US President Barack Obama notified the US Congress of the proposed US$60bn arms package to Saudi Arabia, which is expected to be approved.

The package includes: 84 new F-15 fighters (manufactured by Boeing), with upgrades for 70 more, and three helicopter types - 70 Apaches, 36 Little Birds (both also made by Boeing), and 72 Black Hawks (made by Sikorski). In addition, the US is discussing a US$30bn package to upgrade Saudi Arabia's navy. Further, discussions are continuing on the upgrading of Saudi ballistic missile defences through the purchase of the THAAD - Terminal High Altitude Area Defence - system (built by Lockheed Martin with radars supplied by Raytheon). The deal helps to bolster the US ally's strength in the region at a time when Iran's power is also increasing, and also assists in dealing with terrorist threats in the region.

On October 30 2010, two sophisticated bombs were detected on freight aircraft on their way to the US, that had originated in the neighbouring country of Yemen. The bombs were hidden in parcels sent via both UPS and FedEx. The parcel bombs, and others found like them, are widely regarded to have been the work of the Yemen-based branch of al-Qaeda. According to Research Director of the Centre for Asymmetric Threat Studies at the Swedish National Defence College Magnus Ranstorp: 'Yemen has become the new Afghanistan.'

Saudi Arabia's relations with other neighbouring states continue to improve, following its consistent support for flood-hit Pakistan. Adding to this, the Saudi king also highlighted the deep relations between Saudi Arabia and Jordan during a meeting with King Abdallah of Jordan.

In September 2010, Saudi King Abdullah and Iranian President Mahmoud Ahmadinejad discussed regional affairs involving the two countries. Saudi Arabia is questioning Iran's increasing influence in Lebanese politics. Last month, Iran's President Ahmadinejad visited Lebanon, honouring Shiite militant group Hezbollah (seen as Iran's Shiite proxy in the country for the 2006 war in Israel). This visit had been intensely criticised by the US and Israel as a provocation and a threat to regional stability and relations between Iran and the Gulf Cooperation Council (GCC).

Saudi Arabia is the largest economy in the Middle East. While the economy is currently awash with oil revenues, the kingdom has embarked on a major economic diversification programme. We expect the Saudi budget to comfortably return to surplus in 2010, which will be maintained through 2014. While the government has only recently turned more optimistic vis-a-vis its initial projection of a 4.8% of GDP deficit for 2010, we maintain our long-held view and forecast a budget surplus of 7.6% this year and averaging 5.6% of GDP from 2011-2014.

The main challenges threatening Saudi Arabia's long-term development are being tackled through the government's 5-year spending plan. Indeed, the reliance on oil exports will slightly decrease over the coming years. Further, the government's plan flags the importance of investment in education for aiding the transformation into a knowledge-based economy that is less reliant on imported skilled labour force.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/106450_saudi_arabia_defence_se...


Report Table of Contents:

Executive Summary
SWOT Analysis
- Saudi Arabia Security SWOT
- Saudi Arabia Defence Industry SWOT
- Saudi Arabia Political SWOT
- Saudi Arabia Economic SWOT
- Saudi Arabia Business Environment SWOT
Global Defence Overview
- Global Hotspots
- Latin America: More Of The Same
- Western Europe
- Central Europe
- South Eastern Europe
- Russia And The Former Soviet Union
- Middle East: Mostly The Same Old Challenges
- Sub-Saharan Africa: Definitive Elections Pending
- Asia: Accommodating A More Powerful China
- Wild Cards
Global Security Outlook
Middle East Security Overview
- The Middle East In A Global Context
- Challenges And Threats To Stability And Security
- The Outlook For The Middle East
Security Risk Analysis
- BMI's Security Ratings
- Table: Middle East And Africa Defence And Security Ratings
- Table: Middle East And North Africa State Vulnerability To Terrorism Index
- City Terrorism Rating
- Table: BMI's Middle East And North Africa City Terrorism Index
Regional Political Overview
Domestic Security Overview
- Internal Security Situation
- Table: Insurgent Groups
- External Security Situation
- Latest Developments
Armed Forces And Government Spending
- Armed Forces
- Table: Regional Armed Forces, 2008 (including conscripted)
- International Deployments
- Weapons Of Mass Destruction
Market Structure
- Arms Trade Overview
- Industry Trends And Developments
- Procurement Trends And Developments
- Procurement Background
Forecast Scenario
- Defence Outlook
- Table: Saudi Arabia's Armed Forces, 2000-2008('000 personnel)
- Table: Saudi Arabia's Government Defence Expenditure, 2008-2015
- Macroeconomic Outlook
- Table: Economic Activity; 2006-2015
Company Profiles
- BAE Systems
- Thales International
BMI Methodology
- How We Generate Our Industry Forecasts
- Defence Industry
- City Terrorism Rating
- Table: Methodology
- Sources

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

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.

# # #

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

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Phone:1.800.844.8156
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Industry:Defense, Government, Research
Tags:oil, defence, Infrastructure, continuing, haaretz, security, weapons, arms, rights, tensions
Shortcut:prlog.org/11195738
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