Security, Defence & Aerospace

Saudi Arabia 2019 - Security, Defence and Aerospace

As the world’s largest military spender per capita, Saudi Arabia is committed to maintaining the balance of power in the Middle East. It is also examining ways to balance its books by ensuring that a growing percentage of spending is on hardware locally produced within the Kingdom. Vision 2030 aims to localise spending on military equipment from its 2017 level of 2% to more than 50% by 2030. In the 2019 fiscal budget, 27% of spending was earmarked for defence and security, the highest allocation given to any sector. The government is also encouraging the development of advanced manufacturing in the Kingdom, and the aerospace segment in particular is a major target for increased investment. This chapter contains an interview with Andreas Schwer, CEO, Saudi Arabian Military Industries.

Share
Cover of The Report: Saudi Arabia 2019

The Report

This chapter is from the Saudi Arabia 2019 report. Explore other chapters from this report.

Interviews & Viewpoints

Sketch of Andreas Schwer, CEO, Saudi Arabian Military Industries
Andreas Schwer, CEO, Saudi Arabian Military Industries: Interview

Covid-19 Economic Impact Assessments

Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.

Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.

Register Here×

Product successfully added to shopping cart