VOL. XXXVII

NO. 30

25-APRIL-1994

UAE

French Weapons Firm Sets Up First Offset Deal Company In UAE

France's state-owned weapons manufacturer GIAT Industries has signed itsfirst agreement to set up a company in the UAE in fulfillment of its offsetobligations under a $3.5bn defense contract which it was awarded last year. Astatement issued in Abu Dhabi on 18 April said that GIAT would set up anair-conditioning utilities company in partnership with the Al Bawardi Group andanother company identified as...