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.