NO. 8


Saudi Arabia

Saudi Government Approves Two Offset Projects

The Saudi Offset Program Committee has approved the first two of sixjoint-venture projects to be set up in Saudi Arabia under the 1bn offsetprogram linked to the 15bn al-Yamama arms sales deal to the Kingdom, theBritish Secretary of Trade and Industry, Mr. Nicholas Ridley, announced on 14November. The first of these is a proposal for a missile engineering facilityfor repair and maintenance to be set up by...