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Serious negotiations between Saudi Arabia and French defense company Giat Industries
Abu Dhabi,19th March 2001

  The UAE and Giat signed the $3.62 billion deal in 1993 and deliveries began in 1995. They were to be completed by 2001. However, a disagreement reportedly arose as to who should pay for upgrades of the tanks. Giat suspended deliveries in January. This month the French defense ministry said talks have resumed and cooperation will get back to normal. Giat said it has no more obligations under the UAE Offsets program.

Meanwhile Loppion said, "We are also in serious negotiations with Qatar and Saudi Arabia for similar deals. Both countries have traditionally used French-made tanks, which is why we are quite hopeful of succeeding this time too. "As for Jordan we have an order to supply ammunition. There are none, however, for any tanks." Giat is exhibiting at Idex, which runs until Thursday.

Source: Gulf News

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19 March 2001 04:50:28 PM

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