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...
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