Libya Defence & Security 2018
Libyan defence expenditure (in USD terms) will continue to post negative growth over the next two years, beforereturning to very gradual growth the following years, starting from a low base. Although political instability - set to remain the normthroughout our forecast period - will drive demand for military equipment across the ground, air and naval segments, the dire stateof Libya's public finances will severely constrain the defence budget, especially in the short term. In addition, the ongoingrestructuring of the Libyan armed forces and the UN arms embargo will further complicate new military procurement in the shortterm.
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