Libya Defence and Security Report 2015
BMI View: We forecast Libyan defence expenditure to expand over the next five years; although growth isstarting from a low base, and as such, the overall size of the defence budget remains small on a globalcomparison. While continued political instability and rising Islamist militancy will create demand formilitary equipment across the ground, air and naval segments, major purchases will be delayed over themedium term due to severe financial constraints, the ongoing restructuring of the Libyan armed forces andthe reluctance of the international community to allow arms deliveries into Libya's highly fragile securityenvironment.
Due to historical over-reliance on defence imports, political instability and a deteriorating economy sincethe civil war, Libya has been unable to establish a significant defence industrial base. The Libyanauthorities therefore remain wholly reliant on foreign products to meet military demands. However, importsare currently restricted by a UN arms embargo, as well as a lack of available funds for new procurement.
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