VOL. XL
No. 5
3-February-1997
UAE
GIAT And Local Partners Establish Offset Venture In Abu Dhabi
The UAE Offset Group and France's GIAT Industries on 27 Januaryannounced the formal establishment of a new shipping venture based in Abu Dhabi - CombinedCargo UAE. The venture, which has an initial capital of $15mn, is owned 25% by the AbuDhabi Investment Company, 25% by GIAT, 24% by the Norwegian shipping firm, TorvaldKlaveness Group, 15% by Oman and Emirates Investment Holding Company (a joint...
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