NO. 5


Saudi Arabia

British Aerospace Proposes Saudi Offset Projects

British Aerospace has proposed six joint venture projects with Saudi Arabiaas part of the 1bn offset program linked to the 15bn UK al-Yamama arms salesto the Kingdom. The Director of the British Aerospace al-Yamama Offset Investment Department, Mr. Graham Flack has disclosed that the projects consist of theYanbu' aluminum smelter, an engineering services and maintenance center, aproject to develop...