Saudi Arabia

BAe And Saudi Interests To Set Up Two More Offset Projects

British Aerospace (BAe) and local Saudi interests are close to finalizing agreements for twoprojects in Saudi Arabia's Eastern Province, to be set up under the offsetinvestment program arising from the al-Yamamah defense contract. The firstproject, estimated to cost SR45mn ($12mn), will be a water purification plantand the second, costing SR40mn ($10.7mn), will be a plant to recycle some...