SAUDI ARABIA

Saudi-British Aircraft Deal Will Involve Investments under Offset Program 

According to Prince Fahd ibn 'Abd Allah Al-Sa'ud, Assistant to the Saudi Defense Minister, British companies will be required to invest in Saudi Arabia under the "offset program" as part of the $7bn aircraft deal concluded on 17 February for the purchase by Saudi Arabia of 132 aircraft from Britain (MEES, 24 February). The deal covers the sale of 72 Tornado fighter-bombers, 30...