VOL. XXX

NO. 18

9-FEBRUARY-1987

SAUDI ARABIA

Five companies Bid for Saudi Submarine Deal

Five shipbuilding companies have submitted bids for a $1bn deal to provideSaudi Arabia with a fleet of submarines, Prince Sultan ibn 'Abd al-'Aziz, theSecond Deputy Prime Minister and Minister of Defense and Civil Aviation,announced last week. Prince Sultan who did not identify the shipbuilders, saidthat the Saudi Government will award the contract within two months. Howeveraccording to reports, the firms...