The Middle East is one of the few regions, which still show strong spending on defense equipment. While the unstable political situation is certainly an influencing factor for this, a number of regional countries use their defense spending also as a way to leverage the industrial development through Offsets, which as a result opens interesting possibilities for foreign Aerospace & Defense companies.
The United Arab Emirates are leading the way in this development with a wide range of small to very large defense procurements, which have recently even outpaced Saudi Arabia, traditionally the Middle East's largest military market.
Indian Defence Industry too could take advantage of this market with the advantages that we have in this Region.
Pse read the full report on http://www.epicos.com/epicos/portal/media-type/html/role/content/page/default.psml/js_panename/News+Information+Article+View?articleid=147932&showfull=false
Brigadier (Retired) Sukhwindar Singh
http://www.svipja.com/
(A Global Solution for Offsets)
Credit: http://www.epicos.com/
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