SAUDI ARABIA

Saudi Arabia Gives Green Light for Boeing Offset Projects

Saudi Arabia has given the green light for four high technology projects worth over $250mn to be set up in the Kingdom under the offset investment program. The projects, which will be formally set up shortly, have gone to a consortium of five international and Saudi companies. They are the first projects to be approved under the offset program arising from the $1.18bn contract awarded in 1985 to a consortium led by...