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Future of the Egyptian Defense Industry
July 31, 2018 | Business WireEstimated reading time: 1 minute
Egypt has undergone a period of political turmoil since January 2011 which began with the ousting of President Hosni Mubarak following 30 years of autocratic rule and ended in the nation's first democratic elections which saw a new President being elected and deposed 13 months later.
Egypt's total defense expenditure, including US military aid, valued at $3.1 billion in 2018 and is anticipated to post a forecast-period CAGR of 6.58% to reach $4.4 billion in 2023. During the historic period, Egypt allocated an average of 16.4% of its total defense budget towards capital expenditure. However, capital expenditure's share of the overall defense budget is anticipated to increase to an average of 17.1% over the forecast period, due to the country's procurement plans.
Capital investment is anticipated to be driven by the need to replace obsolete military equipment such as multirole fighter aircraft, helicopters, air defense missile systems, naval vessels, offshore patrol vessels, surveillance systems, and light weapons and ammunition. Furthermore, MoD is expected to invest in Fighters & Multi-role Aircraft, Land Based C4ISR and Airborne C4ISR.
The Future of the Egyptian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023 provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.
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