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Source: CIA


SAUDI ARABIA SPENDING BIG ON DEFENSE
Monday, April 14, 2014

Source: CIA


ABU DHABI - Saudi Arabia is spending a lot on defense. In 2012, Riyadh was seventh in defense spending. By 2013, Saudi Arabia was the fifth in spender behind the United States, China, Russia, and France. Riyadh increased its military budget by 14 percent to $67 billion (Dh246bn) in 2013.

Instability in the region is fueling Saudi defense spending. Fighting in Yemen and Iraq continues, as well as a full-scale civil war in Syria. Iran continues to threaten its neighbors. Therefore, Saudi Arabia is upgrading its weaponry.

Part of this funding will enable Saudi Arabia to enhance its missile defense capability. Washington's so-called "pivot" in foreign policy to Asia has Saudi Arabia and the region concerned.

Overall, global defense spending fell in 2013 by 1.9 percent to $1.747 trillion.

Source: The National
Associated URL: http://www.thenational.ae/world/saudi-arabia/saudi-arabia-becomes-worlds-fourth-biggest-military-spender
Author: Justin Vela 
 

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