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Representative image: Saudi Arabia’s defence market expansion is reshaping Gulf military spending as Vision 2030 localisation, new arms partnerships, and rising regional security risks push the Kingdom toward a larger domestic defence industry.

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General business news

Iran’s missiles hit Saudi soil: Why Riyadh’s defence budget just got a hard floor

Riyadh's defence budget is shielded from oil shocks and Iran's missiles. The harder test is whether localisation hits 50 percent by 2030.

May 24, 2026

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