Budget Brief: Saudi Arabia Defense Spend Rises, Scope For More Increases

Saudi
Credit: Fayez Nureldine/AFP/Getty Images
In December Riyadh announced its budget for 2024 which included a 3.9% boost for defense expenditure. The increase will see spending rise from the SAR259 billion budgeted on 2023 to SAR269 billion—an increase of SAR10 billion or around US$2.7 billion. The news of further moderate growth for the...
Craig Caffrey

Craig works as a senior analyst on Aviation Week Network’s military and commercial forecast databases, specializing in military aircraft markets and…

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Budget Brief: Saudi Arabia Defense Spend Rises, Scope For More Increases is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.

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