VOL. XXXIII

NO. 36

11-JUNE-1990

Saudi Arabia

Saudi Arabia and France Sign Offset Agreement

Saudi Arabia and France last week signed an agreement under which the FrenchGovernment will incorporate the principle of offset investments in its armscontracts with the Kingdom, in line with existing offset arrangements concluded with the US and UK governments in recent years. The offset principleprovides for the investment by French companies of some 35% of the value ofthe arms contracts with Saudi Arabia...