Gulf states defense budgets to hit USD 100bn in 2019
Current forecast for 2019 is that the Gulf states' military spending is expected to hit $100bn for the first time. The six Gulf Cooperation Council (GCC) countries registered six percent growth in military expenditures in 2018. The GCC includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).
Saudi Humvees armed with TOW antitank missiles and .50 machine guns (Picture source: i.imgur.com) |