Saudi Arabia is one of the largest defense spender in the world. It is estimated that in 2017 the Saudi Arabia defense industry reached at the value of US$50.9 bn. MarketResearchReports.biz has added a report, titled as “Future of the Saudi Arabia Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2022,” which gives the growth trajectories of this market for the forecast period 2017 – 2022. This report covers all the aspects of this market, allowing readers to gain an insightful projection of this market.
In the Middle East, Saudi Arabia is the largest market for defense owing to robust financial and economic position due to the oil exports. The need to strengthen indigenous defense industry, aggressive procurement strategies, and the rising tension with Iran are the key factors that are boosting the country’s military expenditure. Saudi Arabia’s support for rebel factions within Syria, its efforts to suppress insurgency of Houthi in Yemen, and the governments well-defined military development plans are further expected to fuel the military expenditure over the forthcoming years. The defense ministry of Saudi Arabia is anticipated to invest in facilities management, infrastructure construction, and multirole and fighter aircrafts. This report covers various trends that are expected to have influence over the military expenditure of Saudi Arabia. Furthermore, this report provides latest industry contracts, growth stimulators, Porter’s Five Forces Analysis, and demand drivers of this market.
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A significant part of this report contains competitive landscape of this industry, where insights into brief financial reports, strategic initiatives, and key alliances are evaluated. Profiles of key players in this market are also included. Furthermore, detailed profiles of key foreign and domestic defense manufacturers and their products, significant financial reports, recent contract wins, and alliances are defined. This report also sheds light on budget allocation and key challenges faced by various vendors and breakdown of the budget with respect to the air force, navy, and army. This competitive landscape reports is expected to help market investors to gain overall comprehension into the market. Furthermore, market opportunity section is added in the report, where various military requirements are specified that are expected to add revenues to this market in the near future. In this section, the projected investment pattern by Saudi Arabia, recent orders, and technical specifications are evaluated.
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In market entry strategy section, market regulations for the market players are evaluated. Furthermore, offset programs to aid defense industry and economy, market entry routes, budgeting processes, procurement policies and processes, ways for foreign players to enter the market, collaborations and cooperative agreements, key challenges, bribery, corruption, and political affiliations, and scarcity of skilled labor and Nitaqat law are explained. Various tables and numerous charts are added with a motive to give readers the confidence to take profitable business decisions in the Saudi Arabian defense industry market.