"Libya Defence & Security Report Q4 2014" is now available at Fast Market Research

Libya is at a significant crossroads following the conclusion of the civil war in 2011 and the end of the 42-year rule of Colonel Muammar Qadhafi. The country is home to an educated population and a considerable oil and petrochemicals industry. For these reasons, the internal situation in Libya has significant ramifications beyond the country's borders.

Libya is at a significant crossroads following the conclusion of the civil war in 2011 and the end of the 42-year rule of Colonel Muammar Qadhafi. The country is home to an educated population and a considerable oil and petrochemicals industry. For these reasons, the internal situation in Libya has significant ramifications beyond the country's borders.

Key Forecasts

* We expect Libya to spend USD1.3bn on defence in 2014 and believe the defence budget will continue to grow over 2015-2018 to reach USD2.6bn.
* We have given Libya an overall Security Risk Rating of 39 for Q414. We believe that Libya has a high chance of becoming involved in a major interstate conflict, and there is a severe risk of the country experiencing significant terrorist action. We also expect the country to continue to suffer endemic violent crime.

Full Report Details at
- http://www.fastmr.com/prod/872639_libya_defence_security_report_q4_2014.aspx?afid=301

Key Developments

Parliamentary elections were held in Libya on June 25 2014. However, turnout was reportedly low, with only 630,000 people out of 2.8mn who had registered to vote casting a ballot. It was reported in May 2014 that militia groups operating in Libya has stolen hundreds of US-supplied weapons during a raid on a military base where US military instructors were performing training for the reconstituted Libyan armed forces. Some of the equipment was reportedly recovered, although some is thought to have entered the black market and may be equipping criminals and militia organisations active in Libya. US special forces have been able to capture Ahmed Abu Khattala, who is wanted in connection with the 2012 attack on one of the country's diplomatic compounds that killed the US ambassador...

The Libya Defence & Security Report features Business Monitor International (BMI)'s independent forecasts for national and international security, the defence industry, military expenditure, employment in arms production, and arms imports and exports, as well as examining industry trends and prospects, national and multinational arms producers and the regulatory environment.

BMI's Libya Defence & Security Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Libyan defence and security industry.

Key Benefits

* Benchmark BMI's independent defence and security industry forecasts on Libya to test other views - a key input for successful budgetary and strategic business planning in the Libyan defence and security market.

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