Now Available: Kuwait Defence & Security Report Q4 2014
New Defense research report from Business Monitor International is now available from Fast Market Research
[USPRwire, Mon Oct 06 2014] Kuwait continues to have a close defence relationship with the US and has reportedly increased the number of service personnel receiving training in foreign academies. June 2013 witnessed Kuwait conduct parliamentary by-elections to replace five members of parliament who recently resigned over corruption allegations surrounding the country's prime minister. In BMI's view the resignations are likely to give the government an opportunity to bolster its position in the already pro-government parliament. As such, and despite ongoing sectarian tensions linked to the conflicts in Syria and Iraq, we expect that overall stability in the country is such that continued defence links with the US and Westerns arms contractors will be maintained.
The most serious threat is posed by the instability in Iraq and Syria, in particular the potential for a fallout from any further widening or intensification of Syria's civil war. In the domestic sphere, internal pressures connected to the government's resignation in July 2013 - leading to Kuwait's 13th new cabinet in seven years - could pose a challenge to the ruling monarchy. Despite an anticipated escalation of regional violence, we expect that overall stability in the country is such that continued defence links with the US and Westerns arms contractors will be maintained. Moreover, BMI expects Kuwait to increase its military spending and defence priorities to reflect its drive towards a more prominent role in regional and international affairs. As such, BMI's nominal defence expenditure growth forecast is 2.0% in 2014 in KWD terms, and 2.5% in 2015.
Kuwait still has a very weak domestic defence industry, although August 2013 reports that Kuwait Aerospace Technologies was working to test UAV technology with a Swedish firm seem to have bucked this trend. Nevertheless, the country is attempting to increase its military profile. In late September 2013, Kuwait hosted the first Annual Military Logistics conference, with a...
The Kuwait Defence & Security Report features Business Monitor International (BMI)'s independent forecasts for national and international security, the defence industry, military expenditure, employment in arms production, and arms imports and exports, as well as examining industry trends and prospects, national and multinational arms producers and the regulatory environment.
BMI's Kuwait Defence & Security Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Kuwaiti defence and security industry.
Key Benefits
* Benchmark BMI's independent defence and security industry forecasts on Kuwait to test other views - a key input for successful budgetary and strategic business planning in the Kuwaiti defence and security market.
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