Kuwait Amends Offset Legislation, Broadens Scope
Ministerial Law No 2 ratified on23 January allows for the broadening of the scope of Kuwaits offset programsto cover civil contracts worth KD10mn ($32.6mn) or more, in addition tomilitary contracts equal to or above KD1mn ($3.3mn). The details of the law aspublished in the official Kuwaiti Gazette, Kuwait al-Yaum (issue 551 dated 3 February),reveal that the value of the offset obligation has been set at 35% of the...
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