The Middle East's biggest arms fair, IDEX-2007, opened in the United Arab Emirates with hundreds of manufacturers displaying state-of-the-art weaponry to oil-rich monarchies
The eighth bi-annual International Defence Exhibition,first held in 1993, was opened by UAE President Sheikh Khalifa bin Zayed al-Nahayan who indicated, There determined to "reinforce There defence capacity, through the acquisition of the most sophisticated equipment in the military industry worldwide," A total of 862 exhibitors from 50 countries, including The United States, France, Britain, China, Italy, Turkey, Russia and South Korea, are showcasing their latest products for deep-pocketed Gulf countries.
The "pro-Western" Gulf Arab states are seeking to reinforce their armed forces and security systems amid heightened instability in neighbouring Iraq and the international community's nuclear standoff with Iran.
(((Follow Up))) The Gulf Arab states, have chosen NOT to send troops into Iraq ? Why wont they "help" stabilize Iraq ? Evidence might suggest There in fact doing the Opposite? (((dont mind me)))
The organisers of the five-day exhibition, who are expecting some 40,000 visitors, boasted that previous editions of the show had "largely influenced armament decisions by countries in the Middle East, Africa and Asia."
(((show me the Money)))
After earning more than 400 billion dollars in oil revenues in 2006 , the six Gulf Arab states have record budget surpluses and money to spend.Between them Bahrain, Kuwait, Qatar, Oman, Saudi Arabia and the UAE control some 45 percent of world oil reserves.
In 2006, they concluded armament deals worth 35 billion dollars, said Mustafa Alani, a security expert at the Dubai-based Gulf Research Centre (GRC).
British suppliers won some 13 billion dollars of these contracts, United States firms 11 billion French manufacturers 10 billion, Alani told AFP.
Between 2000 and 2005, accummulated armament spending by the six countries totalled 233 billion dollars, representing 70 percent of armament expenditure in the Arab world and four percent worldwide, a survey published by the GRC in January found.
Last summer, the Pentagon notified Congress of possible arms sales to Saudi Arabia -- the biggest spender of the six -- totalling well over nine billion dollars. The mooted deals included M1 Abrams tanks, light armoured vehicles, Black Hawk helicopters and upgrades for AH-64 attack helicopters.
Despite their huge spending on defence, the six Gulf Arab states will ultimately remain dependent for their protection on the Western countries that consume their oil, Alani said.
(((( mental note))))
Despite their huge spending on defence, the six Gulf Arab states will ultimately remain dependent for their protection on the Western countries that consume their oil, Alani said.
(((( Interesting ))))
contains eliments of: Biggest Mideast arms fair opens in UAE by Taieb Mahjoub Agence France Presse
