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27-DEC-93/3 JAN 94


Kuwait And France's Aerospatiale Sign Offset Agreement

Kuwait and France's Aerospatiale have signed a FF30mn ($5.13mn) offsetagreement under a program which is designed to diversify Kuwait's oil-dominatedeconomy. According to a Ministry of Finance statement on 20 December, theagreement was signed by the Ministry's Under Secretary, Mr. 'Abd al-Muhsin al-Hunaif,and Mr. Jean-Dominique Ribault, Aerospatiale's Missiles manager. It is thesecond offset...