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This week on Marketplace Middle East

MME takes an in depth look at the defense business that knows no recession.
MME takes an in depth look at the defense business that knows no recession.
STORY HIGHLIGHTS
  • Defense spending is expected to surpass $100 billion by 2014
  • Raytheon International seeks growth in countries like Saudi Arabia, UAE and Kuwait
  • CEO of missile maker talks to MME about the importance of the Gulf region

In focus -- Defense spending spree

The economic crisis may have squeezed national budgets, but the Gulf still has the benefit of energy surpluses and the need for security in the region.

With defense spending expected to surpass $100 billion by 2014, MME takes a look at the business that knows no recession.

Facetime -- Thomas Culligan, CEO, Raytheon International

The world's biggest defense manufacturers are increasingly seeing the Gulf as a vital destination for their products. One of them is U.S. aerospace and defense giant, Raytheon.

The missile maker plans to deliver $4 billion worth of arms to Saudi Arabia as part of a wider U.S. weapons package. The firm is also seeking growth in the UAE, Qatar and Kuwait.

This week MME sat down with the CEO of Raytheon International, Thomas Culligan, and asked him about the strategic importance of the region.

Watch the show this week at the times (GMT) below:

Friday: 0945, 1745
Saturday: 0700
Sunday: 0600, 1745
Mondays: 0145