Saudi Arabia: Arms Trade

Business, Enterprise and Regulatory Reform written question – answered on 10th March 2009.

Alert me about debates like this

Photo of Vincent Cable Vincent Cable Shadow Chancellor of the Exchequer

To ask the Minister of State, Department for Business, Enterprise and Regulatory Reform

(1) when the Export Credits Guarantee Department granted an indemnity for the Al-Yamamah Saudi-British Defence Co-operation Programme; and what the present status of this indemnity is;

(2) when the Export Credits Guarantee Department granted an indemnity for the Salam Project; and what the present status of the indemnity is.

Photo of Ian Pearson Ian Pearson Parliamentary Under-Secretary (Economic and Business), Department for Business, Enterprise & Regulatory Reform, Economic Secretary (Economic and Business), HM Treasury

holding answer 23 February 2009

Since 1989 ECGD has provided consecutive insurances and indemnities to BAE Systems (Operations) Ltd in respect of the Al Yamamah programme (now known as the Saudi British Defence Co-Operation Programme), the last of which was a five year Indemnity issued in 2006, to which, in 2007, the Salam programme was nominated for cover in accordance with the terms of the Indemnity. The Indemnity was terminated by BAE Systems (Operations) Ltd with effect from 1 September 2008.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.