MAIN HEADLINES FROM THIS ISSUE:

• Saudi Arabia on corruption in offsets: “There is no mercy”

  The Norwegian government is drafting a new version of the National Defence Industrial Strategy. The new policy will be released by the end of the year, according to Åge Skøelv, senior advisor to the Norwegian Ministry of Defence (MoD).

• Reciprocal credits permitted for Bahraini and Tawazun projects

  Bahrain and the UAE are teaming up to provide suppliers with more opportunities to discharge offset obligations. Foreign suppliers with offset obligations in Bahrain will be able to discharge those obligations in the UAE, and vice versa.

• Portugal drifts towards offset

  Portugal expects some type of informal industrial participation from its foreign suppliers. Speaking at the GICA spring conference, José Neves, President of the Aerospace, Space, and Defence Cluster, described how the war in Ukraine has reshaped Portugal’s industrial strategy.

• Norway to revise industrial participation strategy

  The Norwegian government is drafting a new version of the National Defence Industrial Strategy. The new policy will be released by the end of the year, according to Åge Skøelv, senior advisor to the Norwegian Ministry of Defence (MoD).