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October 6, 2016

Report: Qatar continues to invest in military modernisation

Qatar’s annual defence expenditure stands at $4.4bn in 2016 and is estimated to reach $4.9bn in 2021, increasing at a compound annual growth rate of 1.82%, according to a report by Strategic Defence Intelligence (SDI).

Qatar’s annual defence expenditure stands at $4.4bn in 2016 and is estimated to reach $4.9bn in 2021, increasing at a compound annual growth rate of 1.82%, according to a report by Strategic Defence Intelligence (SDI).

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Titled ‘Future of the Qatari Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2021’, the report analyses the current and future trends of Qatari defence sector.

The nation’s capital expenditure allocation is $1.1bn in 2016, which is expected to grow at a CAGR of 6.65%, to reach $1.6bn in 2021. The defence expenditure is likely to be driven by the military modernisation, the arms race in the Middle East region, and a possible security threat from terrorism.

"The Qatari Defence Ministry is anticipated to acquire attack and multi-utility helicopters, missile defence systems, fighter aircraft, main battle tanks, and early warning radar systems."

The Qatari Defence Ministry is anticipated to acquire attack and multi-utility helicopters, missile defence systems, fighter aircraft, main battle tanks, and early warning radar systems. The Ministry also plans to procure cameras, wireless systems, airport security, biometric systems, video-surveillance systems, training, and cyber security software to facilitate the hosting of soccer World Cup 2022.

The nation relies on foreign original equipment manufacturers (OEMs) to source advanced defence systems, as the domestic defence industry lacks production know-how to meet the needs of modern defence equipment and systems.

Qatar currently imports more than 70% of its defence equipment from the US manufacturers. The nation, however, intends to source equipment from Germany, Italy and France for reducing dependency on a single country.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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