Foreign Partners Agree To Invest $283Mn In New Kuwaiti Offset Projects
Nine foreign companies have agreed to invest KD87mn ($283mn) in new Kuwaiti offsetprojects under MOUs signed in 1998, an official in charge of the offset program at theKuwaiti Ministry of Finance has recently announced. Under the offset program, which wasput into effect in 1992, every foreign company awarded a Kuwaiti arms contract worth inexcess of KD1mn ($3.3mn) is obliged to invest...
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