Saudi Arabian Defense Spending Up 43% In 2022
Credit: Xinhua/Alamy Stock Photo
Defense spending in Saudi Arabia performed an abrupt turnaround in 2022. The oil-rich nation had planned to reduce military budgets by 10% but now expects to have spent 43% more than was planned for the year. Actual spending on defense in 2022 is projected to have reached SAR245 billion ($65.2...
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