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Kuwait Defence and Security Report Q1 2011
Business Monitor International, Jan 2011, Pages: 76
Business Monitor International's Kuwait Defence and Security Report provides industry professionals and strategists, corporate analysts, defence and security associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Kuwait's defence and security industry.
Kuwait has continued to modernise and develop its armed forces, armaments and infrastructure since liberation after the Gulf War of 1990-91. It has also been improving defence arrangements with other Arab states (it participates in the Gulf Cooperation Council’s Peninsula Shield force), as well as UN Security Council members.
In September 2010 Kuwait ordered – subject to approval by the US government – a Boeing C-17 Globemaster III aircraft, together with extensive support contracts, for a total cost of up to US$693mn.Kuwait has also ordered 209 MIM-104E Patriot missiles, at an estimated cost of US$900mn.The Minister of Defence, Sheikh Jaber Al-Mubarak Al-Sabah, stipulated on September 1 2010 that Kuwait will not allow its land to be a launch pad for attacks.
Kuwait has a contract with the US Army Corps of Engineers (USACE) for the design and construction of facilities and infrastructure for Kuwait’s Al Mubarak Air Base, including the Air Force Headquarters Complex. The cost is estimated to be around US$700mn.
Kuwait is generally politically stable, with the government maintaining a sufficient level of wealth to protect its population from most of the effects of the global economic downturn.
Kuwait's current administration under Prime Minister Sheikh Nasser Al-Mohammad Al-Ahmad Al-Jaber Al-Sabah appears to be increasing in popularity, especially compared with previous tenures of parliament.However, parliamentary disputes and rising inflation are causing political problems.
Kuwait’s economy is in recovery, with the economy forecast to grow by 2.0% in 2010 and 2.3% in 2011. This will be driven primarily by a combination of the recovery in oil prices and government stimulus spending.
The global downturn in 2009 hit the world's fourth-biggest oil exporter harder than its regional counterparts, particularly given Kuwait's heavy reliance on the hydrocarbon sector – which accounts for approximately 52.1% of GDP – and its limited non-oil drivers of growth. There was an unprecedented14.5% decline in exports that year, but the worst has now passed.
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