1 Introduction 1.1. What is this Report About? 1.2. Definitions 1.3. Summary Methodology 1.4. SDI Terrorism Index 1.5. About Strategic Defence Intelligence 2 Market Attractiveness and Emerging Opportunities 2.1. Defense Market Size Historical and Forecast 2.1.1. Defense expenditure expected to cumulatively value US$20.2 billion over the forecast period 2.1.2. The border dispute with Iraq and military modernization program are expected to be key factors driving defense expenditure 2.1.3. Defense budget as a percentage of GDP expected to average 2.6% over the forecast period 2.2. Analysis of Defense Budget Allocation 2.2.1. Capital expenditure allocation to increase over the forecast period 2.2.2. Capital expenditure is expected to grow at a CAGR of 3.35% over the forecast period 2.2.3. Per capita defense expenditure expected to decrease over the forecast period 2.3. Homeland Security Market Size and Forecast 2.3.1. The homeland security budget is expected to grow over the forecast period at a CAGR of 3.38% 2.3.2. Cyber threats, the illegal drug trade, and human trafficking will be the key factors driving homeland security 2.3.3. Kuwait considered at 'low risk' of terrorist attack 2.4. Benchmarking with Key Global Markets 2.4.1. Kuwaitis a comparatively low defense spender 2.4.2. The country has a relatively low defense budget compared to other Middle Eastern nations 2.4.3. Kuwaiti defense expenditure as a percentage of GDP expected to decrease 2.4.4. Kuwait faces low threat from foreign terrorist organizations 2.5. Market Opportunities: Key Trends and Drivers 2.5.1. Demand for missile defense systems is expected to increase 2.5.2. Demand for military aircraft to increase 2.5.3. Defense for naval ships expected to increase over the forecast period 3 Appendix 3.1. About SDI 3.2. Disclaimer

Table 1: Kuwaiti Defense Expenditure (US$ Billion), 2011-2015 Table 2: Kuwaiti Defense Expenditure (US$ Billion), 2016-2020 Table 3: Kuwaiti Defense Expenditure (KWD Billion), 2011-2015 Table 4: Kuwaiti Defense Expenditure (KWD Billion), 2016-2020 Table 5: Kuwaiti GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2011-2015 Table 6: Kuwaiti GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2016-2020 Table 7: Kuwaiti Defense Budget Split Between Capital and Revenue Expenditure (%), 2011-2015 Table 8: Kuwaiti Defense Budget Split Between Capital and Revenue Expenditure (%), 2016-2020 Table 9: Kuwaiti Defense Capital Expenditure (US$ Million), 2011- 2015 Table 10: Kuwaiti Defense Capital Expenditure (US$ Million), 2016-2020 Table 11: Kuwaiti Defense Capital Expenditure (KWD Million), 2011-2015 Table 12: Kuwaiti Defense Capital Expenditure (KWD Million), 2016-2020 Table 13: Kuwaiti Per Capita Defense Expenditure (US$), 2011-2015 Table 14: Kuwaiti Per Capita Defense Expenditure (US$), 2016-2020 Table 15: Kuwaiti Homeland Security Budget (US$ Billion), 2011-2015 Table 16: Kuwaiti Homeland Security Budget (US$ Billion), 2016-2020 Table 17: Kuwaiti Homeland Security Budget (KWD Billion), 2011-2015 Table 18: Kuwaiti Homeland Security Budget (KWD Billion), 2016-2020 Table 19: Benchmarking with Key Markets - 2011-2015 vs. 2016-2020 Table 20: SDI Terrorism Index Figure 1: Kuwaiti Defense Expenditure (US$ Billion), 2011-2015 Figure 2: Kuwaiti Defense Expenditure (US$ Billion), 2016-2020 Figure 3: Kuwaiti Defense Expenditure (KWD Billion), 2011-2015 Figure 4: Kuwaiti Defense Expenditure (KWD Billion), 2016-2020 Figure 5: Kuwaiti GDP Growth vs. Defense Expenditure Growth and Defense Expenditures Percentage of GDP Growth, 2011-2015 Figure 6: Kuwaiti GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2016-2020 Figure 7: Kuwaiti Defense Budget Split Between Capital and Revenue Expenditure (%), 2011-2015 Figure 8: Kuwaiti Defense Budget Split Between Capital and Revenue Expenditure (%), 2016-2020 Figure 9: Kuwaiti Defense Capital Expenditure (US$ Million), 2011-2015 Figure 10: Kuwaiti Defense Capital Expenditure (US$ Million), 2016-2020 Figure 11: Kuwaiti Defense Capital Expenditure (KWD Million), 2011-2015 Figure 12: Kuwaiti Defense Capital Expenditure (KWD Million), 2016-2020 Figure 13: Kuwaiti Per Capita Defense Expenditure (US$), 2011-2015 Figure 14: Kuwaiti Per Capita Defense Expenditure (US$), 2016-2020 Figure 15: Kuwaiti Homeland Security Budget (US$ Billion), 2011-2015 Figure 16: Kuwaiti Homeland Security Budget (US$ Billion), 2016-2020 Figure 17: Kuwaiti Homeland Security Budget (KWD Billion), 2011-2015 Figure 18: Kuwaiti Homeland Security Budget (KWD Billion), 2016-2020 Figure 19: SDI Terrorism Heat Map, 2015 Figure 20: SDI Terrorism Index, 2015 Figure 21: Benchmarking with Key Markets - 2011-2015 vs. 2016-2020 Figure 22: Benchmarking with World's Largest Defense Spenders (US$ Billion), 2015 and 2020 Figure 23: Benchmarking with large defense spenders as % of GDP - 2015