Yemen Defence and Security Report 2016 - Business Monitor International - Industry Reports

Yemen Defence and Security Report 2016

Yemen Defence and Security Report 2016 - Business Monitor International - Industry Reports
Yemen Defence and Security Report 2016
Published Jan 16, 2016
31 pages — Published Jan 16, 2016
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Abstract:

< ALACRA META ABSTRACT>BMI View: Yemen remains wholly reliant on defence imports to meet the requirements of its armed forces, as the country does not produce any military equipment domestically. Moreover, Yemen depends on foreign aid to fund defence procurement amid deteriorating economic conditions. ...That said, the US withdrew troops from Yemen, and decided to halt all arms shipments to the country in ---- amid the ongoing fighting, fearing that weapons may end up in the hands of insurgent groups. Once the security situation has stabilised - and assuming the government in Sana a is open to continuing cooperation with Washington - US companies are well placed to capture US-financed contracts aimed at meeting the Yemeni armed forces requirements across all segments. That said, this does not signal the end of opportunities for European defence manufacturers in the country. ...That said, this does not signal the end of opportunities for European defence manufacturers in the country. In particular, due to the persistent risk of Islamist extremists or hostile

...Yemen has historically spent between -.- and -.- of its GDP on defence, which is high on a global comparison. We expect this trend to continue into ---- amid the ongoing conflict between pro-Hadi government forces and the Houthi-Saleh alliance, with defence expenditure forecast at -.- of GDP. ...We expect this trend to continue into ---- amid the ongoing conflict between pro-Hadi government forces and the Houthi-Saleh alliance, with defence expenditure forecast at -.- of GDP. That said, real GDP growth has been contracting since the escalation of the conflict; as such, defence expenditure is set to decline in dollar terms in ----, by -.- In response to sharply declining revenues - most notably from oil, amid the drop in global oil prices and a decrease in output due to the ongoing fighting - the government has tried to limit expenditure. Given the political turmoil in Yemen, the government has not passed a ---- budget. ...The danger of Yemen becoming another failed state and slipping into the level of anarchy seen in Somalia, just across the Gulf of Aden, is one that the US and its allies are desperate to avoid. Aid from the rest of the Gulf is unlikely for as long as the Houthi rebels hold the balance of power in Yemen.

...The warring sides in the ongoing conflict between pro-Hadi government forces and the Houthi-Saleh alliance agreed to UN-sponsored peace talks in early December ----; however, we do not expect a lasting peace deal in the short term. The US approved the transfer of four Air Tractor/L-- Communications AT---- intelligence, surveillance and reconnaissance aircraft to Yemen in September ----; however, in September ---- it was announced that these units would instead be delivered to Jordan, to assist the Royal Jordanian Air Force s patrol of the country s border with Iraq amid Islamic State (IS) s expansion. ...

  
Source:
Document ID
1749-1770
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. "Yemen Defence and Security Report 2016" Jan 16, 2016. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Yemen-Defence-and-Security-Report-2016-2026-671>
  
APA:
Business Monitor International - Industry Reports. (2016). Yemen Defence and Security Report 2016 Jan 16, 2016. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Yemen-Defence-and-Security-Report-2016-2026-671>
  
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