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Market Report, "United Arab Emirates Defence & Security Report Q1 2011", published

Fast Market Research recommends "United Arab Emirates Defence & Security Report Q1 2011" from Business Monitor International, now available

 
PRLog - Jan. 9, 2011 - The United Arab Emirates has ramped up efforts to build up its military defence capabilities, in line with broader trends emerging throughout the Gulf. It has substantially increased arms imports over the last decade, and it likely to continue as a major arms importer. In the Gulf Region, the UAE is second only to Saudi Arabia in military expenditure. The UAE's current contracts with suppliers for implementation and delivery include: four Patriot surface-to-air missiles, 60 UH-60M BlackHawk helicopters, 12 C-130J-30 Hercules aircraft, six C-17 transport aircraft, three A330 tanker/transport aircraft, 10 MB-339A trainer aircraft and 50 Pantsir-SIE hybrid air-defence systems and six Baynunah corvettes (ships). Procurement plans include three Terminal High Altitude Area Defence (THAD) anti-ballistic missile systems, 60 combat aircraft, 16 Chinook CH-47F transport helicopters, three airborne early warning aircraft and two Falaj-2 corvettes.

The US$7bn deal with the US to purchase the Terminal High Altitude Area Defence (THAD) antiballistic missile systems - expected to be finalised in mid-2011 - would mark America's first overseas sale of the system, and underscores Washington's efforts to build up a sufficient regional military deterrent that could contain an increasingly assertive Iran.

Although the UAE economy has been a world leader, especially in terms GDP growth and income per capita, the global downturn exposed some deep flaws in its approach, especially in Dubai. Projects of uncertain commercial value were financed with heavy leveraging. This activity left huge, unsustainable debts, and ongoing major economic woes for the Emirates, including at one stage, the possibility of default - averted with the support of Abu Dhabi in 2009.

After this recent experience of boom and bust, we forecast a slower but more sustainable growth trajectory for the UAE's economy over the next five to 10 years. We expect real GDP to expand 4.8% in 2010, before slowing to 3.9% in 2011. Yet this 'recovery' will be primarily a reflection of an uptick in oil output, as well as the development of large-scale infrastructure projects financed by Abu Dhabi. We are forecasting average annual growth of 3.7% between 2011-2015, compared with 8.4% during the boom years of 2004-2008.

In a major new development in terrorism in the Arabian Peninsula, two sophisticated bombs were sent from Yemen to the US on freight aircraft on October 27 2010. The bombs, hidden in parcels containing printers, were intercepted en route - one in Dubai. Hidden inside each printer, the printer cartridges were packed with PETN - an explosive undetectable on x-rays. The bombs are the work of al-Qaeda in the Arabian Peninsula (AQAP), based in Yemen. As a base for a major branch of al-Qaeda, Yemen has been labelled 'the new Afghanistan.'

In October 2010, the Emirates opened a naval base on its east coast, in the emirate of Fujairah, allowing direct access to the Arabian Sea. This base allows ships to bypass the Strait of Hormuz - in case Iran were ever to block this waterway, through which about 60% of the world's oil passes.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/106466_united_arab_emirates_de...


Report Table of Contents:

Executive Summary
SWOT Analysis
- United Arab Emirates Security SWOT
- United Arab Emirates Defence Industry SWOT
- United Arab Emirates Political SWOT
- United Arab Emirates Economic SWOT
- United Arab Emirates Business Environment SWOT
Global Political Outlook
- 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
- UAE Security Risks
- City Terrorism Rating
- Table: BMI's Middle East And North Africa City Terrorism Index
Political Overview
- Long-term Political Outlook
Domestic Security Overview
- Internal Security Situation
- Emirate Rivalry
- Insurgency And Terrorism
- Latest Developments
- External Security Situation
- Global Engagement
- Latest Developments
Armed Forces And Government Spending
- Armed Forces
- Table: Regional Armed Forces, 2010 (including conscripted)
- Army
- Navy
- Air Force
- International Deployments
Weapons Of Mass Destruction
- Market Overview
- Arms Trade Overview
- Industry Trends And Developments
- Procurement Trends And Developments
Latest Developments
- Industry Forecast Scenario
- Defence Outlook
- Table: The UAE's Armed Forces, 2000-2008 ('000 personnel)
- Table: The UAE's Government Defence Expenditure, 2008-2015
- Macroeconomic Outlook
- Table: United Arab Emirates - Economic Activity, 2008-2015
Company Profile
- Abu Dhabi Ship Building Company (ADSB)
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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State/Province:Massachusetts - United States
Industry:Defense, Government, Research
Tags:security, defence, uae, aircraft, Terrorism, armed, military, arms, arabian, city
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