Gulf petro-monarchies seek to reduce reliance on Western arms imports
By
The Economist
Crusty in the right places. Worth the chew.
Summary
Gulf petro-monarchies, which account for about a fifth of global arms imports, are seeking to reduce their dependence on Western defense suppliers. The region's rulers aim to diversify their military procurement sources despite being major customers for Western defense industries, driven by their oil wealth and the need for security in a volatile neighborhood.
Key quotes
· 3 pulledTHE PETRO-MONARCHIES of the Gulf are celebrated big spenders—not least by the West's defence industry.
Their oil wealth pays for about a fifth of global arms imports, with a shopping list ranging from fighter jets to frigates.
In a noisy, volatile neighbourhood, safety comes at a price.
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