1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Scenario
3.1.1. Primary Threat Perception
3.1.2. Military Doctrine & Strategy
3.1.3. Military Fleet Size
3.1.4. Procurement Programs
3.1.5. Ongoing procurement programs
3.1.6. Future procurement programs
3.1.7. Social, Political and Economic Environment & Support for Defense Projects
3.1.8. Political & Strategic Alliances
3.2. Defense Market Size Historical and Forecast
3.2.1. Saudi Arabian defense budget to grow at an estimated CAGR of 7.54% during 2018-2022
3.2.2. Strained relationship with Iran, military modernization programs, and the need to develop its indigenous defense sector to be key factors driving defense expenditure
3.2.3. Saudi Arabian defense expenditure as a percentage of GDP is expected to average 8.9% during the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Majority of the budget to be allocated for revenue expenditure
3.3.2. Capital expenditure is anticipated to record a CAGR of 8.29% during the forecast period
3.3.3. Per capita defense expenditure expected to increase over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. The homeland security market in Saudi Arabia is expected to grow at a CAGR of 5.26% during the forecast period
3.4.2. Border Security and Infrastructure along with cyber security will be the key factors driving homeland security
3.4.3. Saudi Arabia considered at ‘moderate risk’ of terrorist attack
3.4.4. Saudi Arabia faces high level of threat from foreign terrorist organizations
3.4.5. Saudi Arabia has a terrorism index score of 5.4
3.5. Benchmarking with Key Global Markets
3.5.1. Saudi Arabia fifth largest defense spender
3.5.2. Saudi Arabia is expected to remain among the top five defense spending countries in the world
3.5.3. Saudi Arabia spent over 7.2% of its GDP on defense in 2017
3.6. Market Opportunities: Key Trends and Drivers
3.6.1. Fighters & Multi-Role Aircraft
3.6.2. Infrastructure Construction
3.6.3. Facilities Management

4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Defense industry heavily relies on imports from foreign countries
4.1.2. The UK and the US are the key defense suppliers to Saudi Arabia
4.1.3. Aircraft to dominate Saudi Arabian defense imports
4.2. Export Market Dynamics
4.2.1. Saudi Arabia’s defense export market is negligible

5. Industry Dynamics
5.1. Five Forces Analysis
5.2. Bargaining power of supplier: Low to Medium
5.3. Bargaining power of buyer: Medium
5.4. Barrier to entry: Medium
5.5. Intensity of rivalry: High to Low
5.6. Threat of substitution: High

6. Market Entry Strategy
6.1. Market Regulation
6.2. Defense industry remains closed to FDI
6.3. Offset Program to aid defense industry and economy
6.4. Market Entry Route
6.4.1. Budgeting Process
6.4.2. Procurement Policy and Process
6.4.3. A large number of foreign corporations enter the defense market by winning contracts
6.4.4. Collaborations and cooperative agreements provide market entry opportunities
6.4.5. GCC - an entry route to Saudi Arabian military market
6.5. Key Challenges
6.5.1. Bribery, corruption, and political affiliations
6.5.2. Scarcity of skilled Labor and Nitaqat law

7. Competitive Landscape and Strategic Insights
7.1. Competitive Landscape Overview
7.1.1. Saudi Arabian defense sector is dominated by foreign competitors
7.1.2. Domestic participation in the Saudi Arabian defense industry is limited to few companies
7.2. Key Foreign Companies
7.2.1. BAE Systems Plc: overview
7.2.2. BAE Systems Plc: products and services
7.2.3. BAE Systems Plc: recent announcements and strategic initiatives
7.2.4. BAE Systems Plc: alliances
7.2.5. BAE Systems Plc: recent contract wins
7.2.6. BAE Systems Plc: financial analysis
7.2.7. Airbus Group: overview
7.2.8. Airbus Group: products
7.2.9. Airbus Group: recent announcement and strategic initiatives
7.2.10. Airbus Group: alliances
7.2.11. Airbus Group: recent contract wins
7.2.12. Airbus Group: financial analysis
7.2.13. General Dynamics Corporation: overview
7.2.14. General Dynamics Corporation: products and services
7.2.15. General Dynamics Corporation: alliances
7.2.16. General Dynamics Corporation: recent contract wins
7.2.17. Lockheed Martin: overview
7.2.18. Lockheed Martin: products
7.2.19. Lockheed Martin: recent announcements and strategic initiatives
7.2.20. Lockheed Martin: alliances
7.2.21. Lockheed Martin: recent contract wins
7.2.22. Lockheed Martin: Financial Analysis
7.2.23. Science Applications International Corporation: overview
7.2.24. Science Applications International Corporation: products
7.2.25. Science Application International Corp. (SAIC): recent contracts and strategic initiatives
7.2.26. Science Applications International Corporation: alliances
7.2.27. Science Applications International Corporation: recent contract wins
7.2.28. Sikorsky Aircraft Corporation: overview
7.2.29. Sikorsky Aircraft Corporation: products
7.2.30. Sikorsky Aircraft Corporation: recent announcements and strategic initiatives
7.2.31. Sikorsky Aircraft Corporation: alliances
7.2.32. Sikorsky Aircraft Corporation: recent contract wins
7.2.33. Thales: overview
7.2.34. Thales: products
7.2.35. Thales: recent announcements and strategic initiatives
7.2.36. Thales: alliances
7.2.37. Thales: recent contract wins
7.2.38. Boeing: overview
7.2.39. Boeing: products and services
7.2.40. Boeing: recent announcements and strategic initiatives
7.2.41. Boeing: alliances
7.2.42. Boeing: recent contract wins
7.2.43. Northrop Grumman Corporation: overview
7.2.44. Northrop Grumman Corporation: products
7.2.45. Northrop Grumman Corporation: recent announcements and strategic initiatives
7.2.46. Northrop Grumman Corporation: alliances
7.2.47. Northrop Grumman Corporation: recent contract wins
7.3. Key Domestic Companies
7.3.1. Advanced Electronics Company: overview
7.3.2. Advanced Electronics Company: services
7.3.3. Advanced Electronics Company: recent announcements and strategic initiatives
7.3.4. Advanced Electronics Company: alliances
7.3.5. Advanced Electronics Company: recent contract wins
7.3.6. Al Salam Aircraft Company: overview
7.3.7. Al Salam Aircraft Company: products and services
7.3.8. Al Salam Aircraft Company: alliances
7.3.9. Al Salam Aircraft Company: recent contract wins

8. Business Environment and Country Risk
8.1. Economic Performance
8.1.1. GDP per Capita
8.1.2. Gross Domestic Product
8.1.3. Exports of goods and services LCU Bn
8.1.4. Imports of goods and services, LCU Bn
8.1.5. Gross National Disposable Income
8.1.6. Market Capitalization of listed companies (US$ Bn)
8.1.7. Market Capitalization of listed companies (as a % of GDP)
8.1.8. Goods Exports as a % of GDP
8.1.9. Goods Imports as a % of GDP
8.1.10. Services Imports as a % of GDP
8.1.11. Services Exports as a % of GDP
8.1.12. Net Foreign Direct Investment (current US$ Bn)
8.1.13. Net FDI as a % of GDP
8.1.14. Mining, Manufacturing, Utilities Output (LCU Bn)

9. Appendix
9.1. About
9.2. Disclaimer

List of Tables

Table 1: The Saudi Arabian Land Forces Strength (Including National Guard)
Table 2: Saudi Arabian Navy Strength
Table 3: Saudi Arabia Air Force Strength
Table 4: Saudi Arabian - Ongoing Development and Procurement Programs
Table 5: Saudi Arabian - Future Procurement Programs*
Table 6: Saudi Arabian Defense Expenditure (SAR billion and US$ billion), 2013-2022
Table 7: Saudi Arabia GDP Growth and Defense Expenditure as Percentage of GDP Growth, 2013-2022
Table 8: Saudi Arabia Defense Budget Split Between Capital and Revenue Expenditure (%), 2013-2022
Table 9: Saudi Arabia Defense Capital Expenditure (SAR billion and US$ billion), 2013-2022
Table 10: Saudi Arabian Per-Capita Defense Expenditure (US$), 2013-2022
Table 11: Saudi Arabian Homeland Security Expenditure (SAR billion & US$ billion), 2013-2022
Table 12: Terrorism Index, 2017
Table 13: Benchmarking with Key Markets - 2013-2017 vs. 2018-2022
Table 14: Saudi Arabia - Offset Guidelines and Agreements
Table 15: Saudi Arabian Budget Formation Timetable
Table 16: Market Entry by Key Foreign Competitors
Table 17: Competitive Landscape of the Saudi Arabian Defense Industry
Table 18: BAE Systems Plc. - Product Focus
Table 19: BAE Systems Plc. - Alliances
Table 20: BAE Systems Plc. - Recent Contract Wins
Table 21: Airbus Group - Product Focus
Table 22: Airbus Group- Alliances
Table 23:Airbus Group- Recent Contract Wins
Table 24: General Dynamics Corporation - Product Focus
Table 25: General Dynamics Corporation - Alliances
Table 26: General Dynamics Corporation - Recent Contract Wins
Table 27: Lockheed Martin - Product Focus
Table 28: Lockheed Martin - Alliances
Table 29: Lockheed Martin - Recent Contract Wins
Table 30: Science Application International Corp. (SAIC) - Product Focus
Table 31: Science Applications International Corporation - Alliances
Table 32: Science Applications International Corporation - Recent Contract Wins
Table 33: Sikorsky Aircraft Corporation - Product Focus
Table 34: Sikorsky Aircraft Corporation - Alliances
Table 35: Sikorsky Aircraft Corporation - Recent Contract Wins
Table 36: Thales - Product Focus
Table 37: Thales - Alliances
Table 38: Thales - Recent Contract Wins
Table 39: Boeing - Product Focus
Table 40: Boeing - Alliances
Table 41: Boeing - Recent Contract Wins
Table 42: Northrop Grumman - Product Focus
Table 43: Northrop Grumman Corporation - Alliances
Table 44: Northrop Grumman Corporation - Recent Contract Wins
Table 45: Advanced Electronics Company - Product Focus
Table 46: Advanced Electronics Company - Alliances
Table 47: Advanced Electronics Company - Recent Contract Wins
Table 48: Al Salam Aircraft Company - product focus
Table 49: Al Salam Aircraft Company - Alliances
Table 50: Al Salam Aircraft Company - Recent Contract Wins

List of Figures

Figure 1: Saudi Arabian Defense Expenditure (SAR Billion), 2013-2022 
Figure 2: Saudi Arabian Defense Expenditure (US$ Billion), 2013-2022 
Figure 3: Saudi Arabian GDP Growth vs. Defense Expenditures Percentage of GDP Growth, 2013-2022 
Figure 4:Saudi Arabian Defense Budget Split Between Capital and Revenue Expenditure (%), 2013-2022 
Figure 5: Saudi Arabian Capital Expenditure (in SAR Billion), 2013-2022 
Figure 6: Saudi Arabian Defense Capital Expenditure (US$ billion), 2013-2022 
Figure 7: Saudi Arabian Per Capita Defense Expenditure (US$), 2013-2022 
Figure 8: Saudi Arabian Homeland Security Expenditure (SAR Billion), 2013-2022 
Figure 9: Saudi Arabian Homeland Security Expenditure (US$ billion), 2013-2022 
Figure 10: Terrorism Heat Map, 2017 
Figure 11: Terrorism Index, 2017 
Figure 12: Benchmarking with Key Markets - 2013-2017 vs. 2018-2022 
Figure 13: Defense Expenditure of the World’s Largest Military Spenders (US$ Billion), 2017 and 2022 
Figure 14: Benchmarking with Large Defense Spenders as % of GDP - 2017 
Figure 15: Fighters & Multi-Role Aircraft Market Size (US$ Million), 2017-2027 
Figure 16: Infrastructure Construction Market Size (US$ Million), 2017-2027 
Figure 17: Facilities Management Market Size (US$ Million), 2017-2027 
Figure 18: Saudi Arabian Defense Import Trend, 2012-2016 (TIV values) 
Figure 19: Saudi Arabian Defense Imports by Country (%), 2012-2016 
Figure 20: Saudi Arabian Defense Imports by Weapon Category (%), 2012-2016 
Figure 21: Industry Dynamics - Porter’s Five Forces Analysis 
Figure 22: Saudi Arabia - military chain of command 
Figure 23: BAE Systems - Revenue Trend Analysis (GBP Billion), 2012-2016 
Figure 24: BAE Systems - Operating Profit Trend Analysis (GBP Billion), 2012-2016 
Figure 25: BAE Systems - Net Profit Trend Analysis (GBP billion), 2012-2016 
Figure 26: Airbus Group - Revenue Trend Analysis (EUR Billion), 2012-2016 
Figure 27: Airbus Group - Operating Profit Trend Analysis (EUR Billion), 2012-2016 
Figure 28: Airbus Group - Net Profit Trend Analysis (EUR Billion), 2012-2016 
Figure 29: Lockheed Martin - Revenue Trend Analysis (US$ Billion), 2012-2016 
Figure 30: Lockheed Martin - Operating Profit Trend Analysis (US$ Billion), 2012-2016 
Figure 31: Lockheed Martin - Net Profit Trend Analysis (US$ Billion), 2012-2016 
Figure 32: Saudi Arabian GDP per Capita (US$), 2016-2025 
Figure 33: Saudi Arabian GDP (current US$ bn), 2016-2025 
Figure 34: Saudi Arabian Exports of goods and services (current LCU Bn), 2005-2014 
Figure 35: Saudi Arabian Imports of goods and services (current LCU Bn), 2005-2014 
Figure 36: Saudi Arabian Gross National disposable income (US$ Bn), 2005-2014 
Figure 37: Saudi Arabian Market Capitalization of listed companies (US$ Bn), 2005-2012 
Figure 38: Saudi Arabian Market Capitalization of listed companies (as a % of GDP), 2005-2012 
Figure 39: Saudi Arabian Goods exports as a % of GDP, 2005-2014 
Figure 40: Saudi Arabian Goods Imports as a % of GDP, 2005-2014 
Figure 41: Saudi Arabian Services Imports as a % of GDP, 2005-2014 
Figure 42: Saudi Services Exports as a % of GDP, 2005-2014 
Figure 43: Saudi Arabian net Foreign Direct Investment (current US$ Bn), 2005-2014 
Figure 44: Saudi Arabian Net FDI as a % of GDP, 2005-2014 
Figure 45: Saudi Arabian Mining, Manufacturing, Utilities Output (LCU Bn), 2005-2014