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Economics

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Design and engineering work for Saudi offset projects

Article Abstract:

Saudi Arabia is planning upwards of $4 billion in industrial and defense investment through offset contracts that require the contractors to reinvest some of the proceeds into the Kingdom. Boeing, Hughes Aircraft Systems and General Dynamics have all signed contracts with the Saudi government since 1985. The reinvestment component has resulted in aircraft maintenance and components facilities being built. Future contracts include manufacturing for consumer goods as well. Guidelines for submitting proposals and contacts are included.

Defense spending, Industrial development, Industrialization

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Saudi Arabia's still expanding offset program

Article Abstract:

Saudi Arabia and other oil-exporting Arabian Gulf nations hope to balance their declining oil revenues through offset programs with major outside contractors. Saudi Arabia has for the past decade required military contractors to invest 35% of their project's value in specified Saudi businesses seeking to develop more local technical ability. Its $6 billion 1994 contract with AT&T extends that to non-military contracts, though only demanding a reported $300 million to $400 million investment.

Laws, regulations and rules, Public contracts, Government contracts, Offset (Accounting)

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The Saudi offset concept, administration of the program, Saudi offset guidelines

Article Abstract:

The Saudi Arabian government's implementation of seven economic offset programs, the first of which was launched in 1984, is successfully moving to their intended goals. The programs were established to bring in foreign investments and develop high-technology businesses in the country. The administration of the different economic offset programs are regulated by guidelines developed and revised by the Economic Offset Committee.

Economic Development Program, Other General Government Support, Economic policy

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