Monday, February 10, 2025

Saudi Arabia increases defense spending to $78B in 2025

The Middle East has been a volatile and dangerous region for decades!

There is also a trend towards more domestic production of arms.

"... The statement further noted that the Kingdom has witnessed a 4.5 percent annual defense growth since 1960, adding that it has become the fifth largest defense spender worldwide and the largest in the Arab world. ...

Vision 2030 has a set goal of localizing 50 percent of all defense spending by 2030, and has been pushing defense firms to open regional headquarters in the Kingdom. ..."

Saudi Arabia increases defense spending to $78B in 2025 - Breaking Defense "“The Kingdom allocated approximately $78 billion to the military sector in the 2025 budget, which constitutes 21% of total government spending and 7.1% of Saudi Arabia’s gross product,” according to a statement from GAMI."

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