United Arab Emirates still want to increase production of its defense and security industry 1903133
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Defence News - United Arab Emirates
|Tuesday, March 19, 2013, 10:40 AM|
|United Arab Emirates still want to increase production of its defense and security industry.|
The United Arab Emirates, increasingly a major military power in the Persian Gulf, is stepping up efforts to develop its own defense industry. In large part, it's doing this by making Western defense companies set up high-tech projects in the federation as a condition of lucrative arms contracts to diversify its economy from a dependence on oil and gas exports.
The latest generation of NIMR 6x6 armoured vehicle personnel carrier at IDEX 2013 Defence Exhibition in United Arab Emirates.
United Arab Emirates is by far the most advanced in establishing its own defense industry, even more so than Saudi Arabia, the most powerful of the gulf monarchies, on the back of the billions of dollars they have spent on buying Western weapons systems.
The United Arab Emirates, the world's fourth largest arms importer and riding on the back of high oil and gas revenues, is expected to spend nearly $13 billion on defense over the next three years compared to $9.3 billion in 2011.