30 Jan 2023
Egypt efforts to modernise aircraft inventory to drive defence expenditure
)
The provision of US military funding assistance is aiding Egypt’s military modernisation transition, with spending expected to increase.
The US provides Egypt with $1.3bn of military assistance annually to facilitate the transition from the outdated Soviet era equipment to advanced equipment made in the US and other western nations. Against this backdrop, Egypt’s defence expenditure spending, inclusive of the US military funding, is forecast to register a compound annual growth rate of 3.9% from $9.4bn in 2024 to $11bn in 2028.
