VOL. XXXIX

No. 55

14-October-1996

UAE

UAE Issues Tender For Navy Arms Purchases

The UAE has reportedly issued a tender for six frigates, 100 fast patrol boats and several mine-sweepers in a deal worth between $1.5bn and $2bn, according to industry executives quoted by Reuters last week. The executives said that international firms including Newport News Shipbuilding of the US, a subsidiary of Tenneco Inc., and Dutch state-owned Shipyard Koninklijke Schelde Groep, are competing for the...