The Defence Budget of the country for 2022 reached USD15.4 Billion but it was temporarily reduced to USD14.4 Billion in 2024, with a prospect of a grow at a Compound Annual Growth Rate (CAGR) of more than 6% during 2025-2029.
Ali Bin Nasser Bin Abdulla and Sons (ABN), was established in 2007 under the Management of Nasser Bin Abdulla and & Sons which was founded in 1974 as a general Trading and co