VOL. XLII
No 41
11-October-1999
UAE
The Changing Face Of The UAE Offset Group
Participation in offset programs has traditionally been a prerequisite for international suppliers wishing to secure large-scale government contracts, particularly for the defense industry. Offset conditions generally oblige contractors to "offset" a proportion of the value of the contract for reinvestment in the host economy. Today, investment bankers and investment bodies are increasingly promoting offset programs as...
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