Monday, 18 October 2021

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XXXIX, No 19, 04/10/2021

Tawazun threatens to call in offset penalties, prepares for renegotiations

The UAE’s offsets agency Tawazun has sent letters to a number of defence primes threatening to call in offset penalties. The agency accuses the companies of failing to meet extended deadlines for fulfilling offset obligations, says a defence industry source. Tawazun would not identify the firms.

 

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