VOL. XXXVIIINO. 1112-DECEMBER-1994

UAE

Foreign Companies Announce New Projects For UAE Offset Program

The Abu Dhabi Government has awarded a subsidiary of Tenneco Inc. of the USNewport News Shipbuilding and Dry Dock Company a letter of intent to set up inAbu Dhabi a ship construction and repair yard for military and commercialvessels. The project, known as the Abu Dhabi Shipbuilding Company, will beadjacent to the Mussafah Channel. It will be a public joint stock company with amajority...