United Arab Emirates Defence and Security Report 2016 - Business Monitor International - Industry Reports

United Arab Emirates Defence and Security Report 2016

United Arab Emirates Defence and Security Report 2016 - Business Monitor International - Industry Reports
United Arab Emirates Defence and Security Report 2016
Published Apr 16, 2016
39 pages — Published Apr 16, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

BMI View: The UAE s local defence industry is still in the early stages of development, and as such, domestic companies rely heavily on assistance from foreign firms to manufacture sophisticated military equipment. The armed forces requirements for high-tech naval, air power, missile and surveillance products are therefore predominantly met through imports. However, the government - as part of its economic diversification strategy - is working to expand the local defence industrial base, and is actively encouraging joint ventures (JVs) between international companies and UAE-based entities. The country ranks in the top -- globally for the size of its defence budget, and we expect further spending growth over our forecast period to ---- and beyond, driven by the rising threat from Islamist militancy in the region, growing levels of cybercrime, and the persistent risk of conflict with Iran, creasing significant opportunities, especially for JVs in the UAE s defence sector. BMI expects strong growth in defence expenditure by the UAE over the next five years, averaging -.- y- o-y over our forecast period to ----, and reaching USD--bn by that year. ...As such, we expect the UAE administration to maintain its grip on power, enabling it to maintain defence spending as a percentage of GDP at an average -.- y-o-y through to ----. Funding will therefore be available both for existing procurement programmes - such as the Falcon Eye satellites provided by Airbus and Thales Alenia and the C---

...In February ----, the UAE armed forces signed an AED-.--bn order for two Boeing C--- Globemaster III strategic airlifters. Also in February ----, IDEX spokesperson Obadi al-Ketbi revealed that the UAE government is still in talks with BAE Systems and Dassault over its multi-billion dollar programme for the replacement of its Mirage fighter jets. ...In February ----, the UAE armed forces signed an AED-.--bn order for two Boeing C--- Globemaster III strategic airlifters. Also in February ----, IDEX spokesperson Obadi al-Ketbi revealed that the UAE government is still in talks with BAE Systems and Dassault over its multi-billion dollar programme for the replacement of its Mirage fighter jets. In December ----, the UAE government revived a satellite procurement deal with Thales Alenia Space and Airbus Defence and Space. ...Also in February ----, Emirates Defence Technology launched its new, locally-produced Enigma -x- armoured vehicle. Abu Dhabi Ship Building signed an MoU with Thales in March ---- for collaboration on MRO provision throughout the Middle East region.

...� Business Monitor International Ltd Page - replacement of the air force s Mirage fighter jets and the possible acquisition of small- or medium-sized submarines. The UAE s domestic defence sector, although boasting the highest number of local defence companies in the Middle East, is still in the early stages of development, having traditionally been geared towards provision of maintenance and repair services rather than the design and manufacturing of products. ...

  
Source:
Document ID
1749-1738
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "United Arab Emirates Defence and Security Report 2016" Apr 16, 2016. Alacra Store. Dec 10, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/United-Arab-Emirates-Defence-and-Security-Report-2016-2026-450>
  
APA:
Business Monitor International - Industry Reports. (2016). United Arab Emirates Defence and Security Report 2016 Apr 16, 2016. New York, NY: Alacra Store. Retrieved Dec 10, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/United-Arab-Emirates-Defence-and-Security-Report-2016-2026-450>
  
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