VOL. XXXIX

No. 63

9-December-1996

UAE

GIAT Announces Another UAE Offset Project

GIAT Industries of France, which was awarded a $3.5bn contract to supply the UAE with Leclerc tanks and 46 support vehicles in 1993 (MEES, 22 February 1993), has announced the formation of a joint venture to overhaul industrial electric motors as part of the UAE offset program. In addition to GIAT, the joint venture includes the local al-Jabir Establishment and a Scottish company. The venture will build and...