Future of the Moroccan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-17 18:30:03
As one of the major non-NATO allies of the US, the defence spending capability of Morocco is expected to increase over the forecast period. The defence budget, which is projected to be US$3.8 billion in 2014, is expected to increase at a CAGR of 4.42% during the forecast period, and reach US$4.5 billion by 2018.This growth is primarily due to the government´s steps to combat internal and external terrorist attacks, strengthen border security and procure new defence systems. Per-capita defence expenditure is expected to grow during the forecast period from US$113.7 million in 2014 to US$130.1 million in 2018. The capital expenditure budget is forecast to increase from US$1.1 billion in 2014 to US$1.4 billion in 2018, recording a CAGR of 5.62%, due to the government´s modernization plans.
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