Procurement: November 21, 1999

Archives

Industry analysts doubt that the rich Gulf Arab states will return to the arms market in any strength for several years. After the Persian Gulf War, these countries went on an arms-buying binge fueled by the higher oil prices from that era. Since then, oil prices have declined, reaching a low point in 1998. While oil prices have climbed during 1999, the Gulf Arab states are using the money for increased social spending (demanded by their populations) and to maintain existing contracts, rather than starting major new purchases. The Gulf Arab states have also had difficulty absorbing previously-bought equipment. Expanding their armies and bringing in more high-tech equipment has required them to employ more and better-educated soldiers, and recruiting them is taking more time and money than had been expected. --Stephen V Cole

 


Article Archive

Procurement: Current 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 


X

ad
0
20

Help Keep Us Soaring

We need your help! Our subscription base has slowly been dwindling. We need your help in reversing that trend. We would like to add 20 new subscribers this month.

Each month we count on your subscriptions or contributions. You can support us in the following ways:

  1. Make sure you spread the word about us. Two ways to do that are to like us on Facebook and follow us on Twitter.
  2. Subscribe to our daily newsletter. We’ll send the news to your email box, and you don’t have to come to the site unless you want to read columns or see photos.
  3. You can contribute to the health of StrategyPage. A contribution is not a donation that you can deduct at tax time, but a form of crowdfunding. We store none of your information when you contribute..
Subscribe   Contribute   Close