XXXIV, No 9, 09/05/2016

Saudi localisation blueprint to increase demands for offsets

Saudi Arabia has laid out a sweeping plan to put its armaments industry under a holding company as it prepares for the post-oil era. The kingdom will seek to restructure several military contracts to tie them to Saudi industry. The initiative will lead to increased demands for offsets and technology transfers, and place further burdens on joint ventures.

 

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