VOL. XXXII

NO. 8

28-NOVEMBER-1988

SAUDI ARABIA

Saudi Arabia and Britain Agree on Yamamah Offset Program

Saudi Arabia and Britain have agreed on a 1bn ($1.8bn) offset investmentprogram in Saudi Arabia under the 10bn ($18bn) deal signed last July for thesupply of UK military aircraft and defense equipment to the Kingdom. Protocolsto this effect were finalized in Riyadh on 23 November by the Saudi Minister ofDefense and Aviation and Second Deputy Prime Minister, Prince Sultan ibn 'Abdal-'Aziz, and...