Saudi Arabia has provided the global arms market growth record – Sight

The global arms market in 2015 showed a record for the past 10 years of growth due to the increase Saudi Arabia’s procurement of military equipment, the report says Global Defence Trade Report company IHS.

The market in 2015 reached a volume of $ 65 billion compared with 58.4 billion a year earlier. Purchases Riyadh rose to 9.3 billion in 2015, reports TASS reported with reference to Bloomberg.

«The sharp rise in purchases by Saudi Arabia arms caused by its participation in the conflict in Yemen. Due to this fact, including the worldwide sales of military equipment rose by 10% in accordance with the report for 2015, “- said the agency.

Also, significantly increased the demand for weapons in most of the Middle East and Southeast Asia.

According to the data of 2015, Saudi Arabia ranked first in terms of volume of import of arms in the world, increased purchases by 50% last year. Second place for the procurement of weapons in the past year took India, the third – Australia.

Recall, according to published by the Stockholm International Peace Research Institute (SIPRI) report on the state of the global arms trade and arms spending in the past year in global military spending at stake Russia had 4%, which puts it in fourth place after the United States (36%), China (13%) and Saudi Arabia (5.2%).