Moroccan defence spending will rise from US$3.8 billion in 2014 to US$4.5 billion in 2018 driven by the procurement of military aircraft, armoured vehicles, radar systems, diesel-electric submarines and patrol ships to boost border security and fight trans-national terrorism.
In a new report entitled “The Future of the Moroccan Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2018″, Strategic Defense Intelligence (SDI) said Moroccan defence spending will grow at an annual rate of 4.4% between 2014 and 2018.
“This growth is primarily due to the government’s steps to combat internal and external terrorist attacks, strengthen border security and procure new defense systems. Per-capita defense expenditure is expected to grow during the forecast period from US$113.7 million in 2014 to US$130.1 million in 2018. […]