1. Desert Dealer.
- Author
-
MAGNUSON, STEW
- Subjects
- *
DEFENSE industries , *SOVEREIGN wealth funds , *RESERVE assets , *PETROLEUM industry , *SHIPBUILDING industry - Abstract
The article reports on the important role played by oil wealth in the establishment of domestic arms industries in Persian Gulf nations. In Abu Dhabi, United Arab Emirates (UAE), the Abu Dhabi Ship Building facility has hundreds of workers from South Asian nations to refurbish coastal patrol boats from neighboring nations. The UAE also uses its sovereign wealth funds to purchase expensive weapons systems. Another country that is using its offsets to acquire technology and know-how is Turkey.
- Published
- 2009