Eastern countries are expected to spend more than $100 billion over the next five years, largely because of growing fears about Iran's nuclear program and its perceived ambition to undermine Sunni-led Arab regimes, according to an assessment by a U.S.-based consultancy.
Most of the procurement will be carried out by Saudi Arabia, the United Arab Emirates, Iraq and Israel, the New York-based Scott & Sullivan consulting firm said in the report released Sunday.
The core of this arms-buying spree will undoubtedly be the $20 billion U.S. package of weapons systems over 10 years for the six states of the Gulf Cooperation Council -- Saudi Arabia, the U.A.E., Kuwait, Oman, Qatar and Bahrain.
Egypt, another key U.S. ally, is to get a $13 billion package. Israel, in exchange for agreeing to Washington providing the Gulf states with state-of-the-art weaponry it had traditionally sought to block, will get an arms package worth an estimated $30 billion over 10 years -- a 25 percent increase over previous levels.
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Middle East arms buys top $100 billion - UPI.com
Most of the procurement will be carried out by Saudi Arabia, the United Arab Emirates, Iraq and Israel, the New York-based Scott & Sullivan consulting firm said in the report released Sunday.
The core of this arms-buying spree will undoubtedly be the $20 billion U.S. package of weapons systems over 10 years for the six states of the Gulf Cooperation Council -- Saudi Arabia, the U.A.E., Kuwait, Oman, Qatar and Bahrain.
Egypt, another key U.S. ally, is to get a $13 billion package. Israel, in exchange for agreeing to Washington providing the Gulf states with state-of-the-art weaponry it had traditionally sought to block, will get an arms package worth an estimated $30 billion over 10 years -- a 25 percent increase over previous levels.
(....)
Middle East arms buys top $100 billion - UPI.com