Middle East and North African defence spending falls despite 8% growth being recorded globally, says Janes
Cuts to spending in the region fell just shy of forecasts, with spending expected to remain flat at USD160 billion in 2022, according to the trusted global agency for open-source defence intelligenceThe latest analysis from Janes shows that despite global spending growing 8%, defence spending in the Middle East and North Africa region saw cuts of 5% during 2021. “The outlook for 2022 remains relatively flat at this point in time at USD159.4 billion, but may return to growth in the coming months as budgets are released and approved,” said Charles Forrester, Lead Analyst for Industry and