Kuwait Govt Asked Parliament To Approve Budget Of 6.2 Billion Dinars To Fund Weapons Purchases For The Military
Category: Kuwait Local News
kuwait-govt-asked-parliament-to-approve-budget-of-6.2-billion-dinars-to-fund-weapons-purchases-for-the-military_kuwait

The Kuwaiti government asked parliament to approve a supplementary budget of 6.2 billion dinars ($20.4 billion) to fund weapons purchases for the military over 10 years, al-Rai newspaper reported on Tuesday. Sheikh Mohammad Abdullah al-Sabah, minister of state for cabinet affairs, confirmed on the sidelines of a conference that the government sent a request for a special budget, but declined to specify the amount requested.

Al-Rai said the government asked that the money be drawn from the country's general reserves. Kuwait and its Gulf Arab neighbours together make up one of the world's largest arms markets, buying billions of dollars of military equipment from the United States and Europe.

In September it signed a memorandum of understanding to buy 28 Eurofighter jets, a deal worth up to 8 billion euros ($9 billion). It is also negotiating with the US government to buy 28 Boeing F/A-18E/F fighter jets this year, though the $3 billion deal has been held up by delays in the US regulatory process.

 

SOURCE : ARABIANBUSINESS.COM

02 Dec, 2015 0 866
Posted Comments
Kuwait Local News
Kuwait Local News
Crime News New Rules Entertainment
Entertainment