Middle East Economic Survey


No 38


Saudi Arabia Proposes Record Breaking Arms Deal With US

Saudi Arabia is planning to buy arms from the US in a record breaking deal which could be worth as much as $60bn. Last week the Pentagon was set to officially notify congress of the military aircraft and missiles sales, which are aimed at bolstering the defenses of Washingtons key ally in order to counter the perceived escalating threat from Iran.

The deal is initially pegged at $30bn,...