Last year, the U.A.E. poured some $4 billion into its military, with Israel paying around $13 billion.
Now Saudi Arabia looks set to pay out at least $36 billion annually over the next five years.
Friday, August 28, 2009
Military spending in the Middle East
Defense spending in the Middle East (including Israel) will exceed $100 billion by 2014 (this will be 11% of world military spending). Nevermind the economic crisis, military spending is always healthy.
Last year, the U.A.E. poured some $4 billion into its military, with Israel paying around $13 billion.
Last year, the U.A.E. poured some $4 billion into its military, with Israel paying around $13 billion.
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