Middle East and North Africa Defence Budgets to Grow Despite Low Oil Price, IHS Markit Says

Dateline City:
LONDON

Regional spending to approach $180 billion by 2020 as defence budgets of UAE, Saudi Arabia and Qatar spike

LONDON--(BUSINESS WIRE)--Despite fiscal concerns and a lower oil price, defence budgets in the Middle East are forecast to reach the spending highs of 2014 by 2019 at the latest, according to new analysis released today by IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions.

Language:
English
Contact:

IHS Markit
Amanda Russo, +44 208-276-4727
Amanda.Russo@ihsmarkit.com
or
Press Team
+1 303-305-8021
press@ihs.com

Ticker Slug:
Ticker:
INFO
Exchange:
NASDAQ

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