Article length: 141 words
Saudi Arabia: Airbus to close subsidiary
In its annual report for 2018, published on 17 June, Airbus’s Saudi-based subsidiary GPT Special Project Management said its contract to supply communications equipment and services to the Saudi Arabian National Guard (SANG) is due to expire at the end of this year and it “has no intention to seek new business with other customers”. As a result, the subsidiary is expected to cease all operations as of 31 December.
Credit value: 1